Why Virgin Galactic Stock Just Popped Another 8%
A funny thing happened when Virgin Galactic Holdings (NYSE: SPCE) reported its third-quarter earnings last Thursday. Virgin reported a $0.34 per share loss when analysts had expected $0.26 in losses, and the stock went down about 1%. But then, Virgin Galactic stock turned around and headed back up.
It was up 7.5% on Monday. It was up again a small fraction of a percent on Tuesday. And now, it's up again today, rising 7.9% as of 12:25 p.m. EST. So what's up with Virgin Galactic this time?
Image source: Virgin Galactic.
Source Fool.com
