Virgin Galactic (SPCE) Stock Pops 63% in a Few Days

According to the graph for the last 5 days, Virgin Galactic Holdings (SPCE) stock started at $19.82 and it rose steadily. When it reached $27.38, then shares fell for a moment but continued to grow. Now, it trades at $31.09 and grew up by 15.15%.

Virgin Galactic (SPCE) Stock Pops 63% in a Few Days

The stock of integrated aerospace company Virgin Galactic (NYSE: SPCE) got a huge boost from investment banker Canaccord Genuity. It covered the stock with a new buy rating and a target price of $35 with an expected 30$ profit. Therefore, that perspective was lifting our company’s stock, and the stock was up 4% on Thursday night.

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By the end of this year, Virgin Galactic will have completed its test flights and will initiate commercial operations in Q1 2022. In addition, it is likely that Virgin Galactic will have to reduce its traffic for tickets for tourist flights onboard its spacecraft, as competition grows with SpaceX and Blue Origin, which has a ticket cost of about 20,000.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life