Virgin Galactic (NYSE:SPCE) stock is sliding lower on Thursday after the space exploration company announced plans for a reverse stock split. According to Virgin Galactic, this reverse stock split is set to take place after markets close on Friday. The company says that this will see shares start trading on a split-adjusted basis when markets open on Monday. The Virgin Galactic reverse stock split will have the company consolidate every 20 shares of SPCE stock into a single share. Virgin Galactic will maint ...

About Oliver Haill About the publisher About this content Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, ...

*Stock prices used were end-of-day prices of May 26, 2024. The video was published on May 28, 2024. Virgin Galactic (SPCE 22.58%) stock was up as much as 34% on Tuesday in anticipation of a flight we've known was coming for weeks. Sometimes, the market can react to the strangest news items, but as Travis Hoium highlights in this video, there are long-term factors to watch. Sometimes, stocks pop for the strangest reasons. ...

Trying to strike a balance between growth and stability is tough. On the one hand, you could stack too much cash into speculative stocks with near-term promises that fizzle into nothing when the rubber meets the road, such as Virgin Galactic (NYSE:SPCE). On the other hand, go for too stable a selection, and you end up collecting a measly income from dividends with limited capital appreciation upside, like if you invest most of your excess cash into something such as Realty Income (NYSE:O). But there's a way ...

Virgin Galactic (NYSE:SPCE) stock is rocketing higher on Tuesday as shares of the space travel company get caught up in the recent meme rally started by Roaring Kitten. Roaring Kitten started the meme stock rally in 2021 with his coverage of GameStop (NYSE:GME) stock. Then he went quiet for three years before returning over the weekend. This has prompted a new meme stock rally that sending both old and new meme stocks higher today. SPCE stock is up 19.1% as of Tuesday morning. Even so, the stock is still do ...

Virgin Galactic (NYSE: SPCE) stock price joined other meme companies like AMC, Blackberry, and GameStop in a strong rally. It soared by over 9% on Monday and continued its comeback on Tuesday as it surged by over 12%. That rally pushed its market cap to over $430 million, which is sharply lower than its all-time high of over $10 billion. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. Short squeeze continues The free cash flow came in at minus $126 m ...

Is Virgin Galactic stock a buy? And so investors are presented with a sort of all-or-nothing bet on Virgin Galactic. In a worst-case scenario, two years of no revenue could turn into three or four or more years if problems arise with Delta's development, the spaceplane fails to arrive on schedule -- or it even simply gets significantly delayed. Virgin Galactic could run out of money and go bankrupt before it builds a new business model. Alternatively, everything could go exactly as planned, Virgin Galactic' ...

Why would you invest in a spaceplane stock that has no actual spaceplanes to fly?Space roller-coaster stock Virgin Galactic (SPCE 3.50%) took investors on a wild ride this week, soaring 10% Monday on news of progress building its Delta-class spaceplane, then tumbling 7% early Wednesday after reporting how much money its current Unity-class spaceplane is losing -- only to land right near where it began the week, around $1 a share.But I think investors are overestimating Virgin Galactic's chances of success. ...

Surprise! Virgin Galactic is a penny stock again.Last night, space tourism pioneer Virgin Galactic (SPCE -2.18%) announced its earnings from the first quarter with the only spaceplane it has. The news was not great, and as of 11:05 a.m. ET on Wednesday, the stock is down 7.1%, making it officially a penny stock again.The decline follows its 10% jump on Monday after the company announced progress on its do-or-die project to build a new Delta-class spaceplane to replace the current Unity-class spaceplane -- t ...

Virgin Galactic (SPCE) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.26. This compares to loss of $0.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.85%. A quarter ago, it was expected that this company would post a loss of $0.30 per share when it actually produced a loss of $0.25, delivering a surprise of 16.67%.Over the last four quarters, the company has surpassed ...