Why Virgin Galactic Stock Is Green When Everything Else Is Red Today

In reaction to news that there's a new coronavirus strain in the U.K., stock markets are tanking. The Dow is down 1% and the Nasdaq is off 1.6% in 10:45 a.m. EST trading. And yet one stock, at least, is glowing green today: Virgin Galactic (NYSE: SPCE).

You can probably thank the friendly analysts at Cowen & Co. for that one. This morning, Cowen doubled down on its outperform recommendation on Virgin Galactic stock and assigned the shares a $30 price target, reports StreetInsider.com.

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Source Fool.com