Why Virgin Galactic Stock Just Popped
On Wednesday, shares of Virgin Galactic (NYSE: SPCE) appeared to take a punch when analysts at investment bank Bernstein cut their price target on the space tourism pioneer by more than half -- from $22 all the way down to $10.
It should have been bad news. Instead of going down, however, Virgin Galactic shares are headed higher this afternoon, and were up 5.4% as of 1:05 p.m. ET.
Image source: Virgin Galactic.
Source Fool.com
