Why Virgin Galactic Stock Jumped 5.8% on Friday
Shares of space company Virgin Galactic Holdings (NYSE: SPCE) jumped as much as 5.8% on Friday after the company announced plans for a test flight and got an upgrade from an analyst. At 11:45 a.m. EDT shares were still up 2.8% for the day.
Yesterday, Virgin Galactic announced that it has planned a test flight for VSS Unity on Saturday, May 22, pending weather conditions. This flight was originally planned to be completed in December but after VSS Unity disconnected, the booster computer lost connection and Unity failed to reach space. That led to fixes to the spacecraft and a number of delays until this week.
Image source: Virgin Galactic.
Source Fool.com
