Virgin Galactic (NASDAQ:SPCE) Shares Gap Down to $19.12
Shares of Virgin Galactic Holdings (NASDAQ:SPCE) gapped down before the market opened on Friday . The stock had previously closed at $19.31, but opened at $19.12. Virgin Galactic shares last traded at $17.29, with a volume of 14,110,587 shares traded.
A number of research firms recently issued reports on SPCE. Credit Suisse Group began coverage on shares of Virgin Galactic in a research report on Wednesday, November 27th. They set an “outperform” rating and a $12.43 price objective for the company. Morgan Stanley began coverage on shares of Virgin Galactic in a research report on Monday, December 9th. They set an “overweight” rating and a $22.00 price objective for the company. Finally, Vertical Research began coverage on shares of Virgin Galactic in a research report on Tuesday, November 5th. They set a “buy” rating and a $20.00 price objective for the company.
The business has a 50-day moving average of $11.70.
In related news, CEO George Thomas Whitesides acquired 5,850 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average cost of $7.26 per share, for a total transaction of $42,471.00.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. CenterStar Asset Management LLC bought a new stake in Virgin Galactic during the 4th quarter worth approximately $139,000. FNY Investment Advisers LLC bought a new stake in Virgin Galactic during the 4th quarter worth approximately $293,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in Virgin Galactic during the 4th quarter worth approximately $462,000.
Virgin Galactic Company Profile (NASDAQ:SPCE)
Virgin Galactic, LLC provides spaceline services. The company offers suborbital research flights to scientific research community. It also operates a spaceport for astronaut training and flights operations.Virgin Galactic, LLC was founded in 2004 and is based in Mojave, California with additional offices in Las Cruces, New York, London, Pasadena, and Washington, DC Virgin Galactic, LLC operates as a subsidiary of Virgin Group Ltd.
Recommended Story: S&P 500 Index
Receive News & Ratings for Virgin Galactic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virgin Galactic and related companies with MarketBeat.com's FREE daily email newsletter.