Why Virgin Galactic Stock Popped 4% Today -- on Yesterday's News
Shares of Virgin Galactic (NYSE: SPCE) -- up again and down again all last month -- are up again today, rising 4.5% through 1:20 p.m. EST.
Why are Virgin shares flying higher? As I mentioned last week, the company test-flew its VMS Eve "mothership" aircraft out of Spaceport America last week, taking another small step toward an anticipated test flight of its VSS Unity spaceplane that the company still says will take place "later this fall."
The confirmation that the spaceplane test is still on the planning board might have been enough to set investor minds at ease. But just in case they didn't notice the mention on Twitter, Virgin Galactic followed up yesterday with a more official announcement on its own website:
Source Fool.com
