[ Here are the three things driving Virgin Galactic’s triple-digit rally: Space ETF issuer ]
The skyrocketing space tourism stock has gained a whopping 199% year to date and nearly 310% in the last three months as speculative investors piled into the name, leading some to label it Wall Street’s new Tesla.
Explanations for the sudden surge have been few and far between, with Morgan Stanley analysts ‘ who have an “overweight” rating on the name along with a $22 price target ‘ calling for an “overdue” correction on Thursday. The stock cooled off on Friday, falling nearly 7% in intraday trading after snapping an eight-day winning streak.
Happening on Twitter
From my ideal superpower to my favourite ice cream flavour ‘ here are some odd answers to 10 questions I’ve never b’ https://t.co/5gthJSpufC
Thu Feb 20 13:00:23 +0000 2020
One year later: How are the dolphins from Dolphinaris Arizona doing in the US Virgin Islands? And what’s the lates’ https://t.co/XEqSoHaPlA
abc15 (from Phoenix, AZ)
Fri Feb 21 20:27:40 +0000 2020
Here are the three things driving Virgin Galactic’s triple-digit rally: Space ETF issuer https://t.co/0bM9ahk6Pz
CNBC (from Englewood Cliffs, NJ)
Fri Feb 21 20:47:19 +0000 2020
“Space is open for business.” As Virgin Galactic soars, here are the three things @ETFwunderkind sees driving the r’ https://t.co/u56oBHe0UY
ETFEdgeCNBC (from Englewood Cliffs, New Jersey)
Fri Feb 21 21:23:40 +0000 2020