Why Virgin Galactic Stock Is Still Falling Today
Yesterday's downgrade from UBS took Virgin Galactic Holdings (NYSE: SPCE) stock's latest price spike and cut it off at the knees -- limiting the space tourism pioneer's gains to just 3% Tuesday.
Responding rapidly, analysts at Truist bank -- the former BB&T -- rushed out a note assuring investors that when Sir Richard Branson flies to space on Sunday, it will be a "positive catalyst" for the stock (reports TheFly.com). Then Virgin Galactic itself released a promotional TikTok clip showing its founder talking on the phone and commenting "I'd love to go to space... in fact, I think I'll go Sunday!
Watch this space... @VirginGalactic is now on @tiktok_us! Follow us here; https://t.co/SYMnxWbShk pic.twitter.com/VZtXVX42VY
Source Fool.com
