Why Virgin Galactic Stock Just Popped
Shares of space tourism company Virgin Galactic (NYSE: SPCE) jumped nearly 5% this morning, then lost it all, then got some of it back -- cycling from highs to lows and back again. As of 10:50 a.m. EDT, shares of the space tourism pioneer were back up to a 3% gain.
Image source: Getty Images.
StreetInsider.com is attributing today's volatility to "chatter" that there's a test flight imminent for Virgin Galactic's VSS Unity spaceplane, and it appears they're right about that. Newsfilter.io reports today that "private jets used by [Virgin Galactic's] execs are at Spaceport America today," and that this could indicate that "the highly anticipated test flight of Richard Branson's SpaceShipTwo could finally arrive."
Source Fool.com
