Why Virgin Galactic Stock Cratered Another 13% Wednesday

Motley Fool2021-07-15

Key Points Virgin Galactic isn't necessarily selling $500 million in stock right now. This sell-off is normal volatility for Virgin Galactic shares. What happened Shares ofVirgin Galactic Holdings(...

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Comments

asdine
2021-07-15
asdine
Yup
Alihuat
2021-07-15
Alihuat
The investors know what Virgin Galactic can do. Thus, it is difficult to know how this stock can move? One hand the price for the round trip is expensive and its not sustainable long run? But the selling point of being fascinated by the galactic views is there... lets see how it would go..
- asdine:
  yes
YiiYii
2021-07-15
YiiYii
[噴血]
- PJoo:
  Hang on
- YiiYii:
  ?
RonnieSG
2021-07-15
RonnieSG
Great idea to add on
用脚vote
2021-07-15
用脚vote
I think game over
PowerTrade
2021-07-15
PowerTrade
The game is for the up-market only.
- PaladinSir:
  ok

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Since the close of trading on Friday, shares are down 31.6% as I'm writing, trimming over $3 billion in value off the company.\nThe only announcement out from Virgin Galactic Wednesday was the scheduling of its second-quarter 2021 earnings announcement for Thursday, Aug. 5, after the market closes. But that's not what's moving thisgrowth stock Wednesday.\nSo what\nThe sell-off in Virgin Galactic shares began early this week after management filed to sell as much as $500 million in stock. The sale wasn't a block sale at a set price, but instead will be made \"from time to time\" through \"sales agents.\" In other words, the company may have sold a large chunk of stock earlier this week, or it may have sold nothing, sitting on the $630 million in cash it had on the balance sheet as of March 31.\nInvestors will likely get an update on the stock sale and cash position on the earnings call, not to mention what management plans to do with the cash. 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But the selling point of being fascinated by the galactic views is there... lets see how it would go..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/144488213","repostId":1166344664,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5223678,"gmtCreate":1626310379652,"gmtModify":1663230985231,"authorId":3582074828081294,"author":{"id":3582074828081294,"idStr":"3582074828081294","authorId":3582074828081294,"name":"asdine","avatar":"https://static.tigerbbs.com/1de6a3b69cd62b99233606d7c5500508","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":144488213,"type":1,"supId":0,"prevId":0,"content":"<u>yes</u>","text":"<u>yes</u>","html":"<u>yes</u>"}],"langContent":"EN"},{"id":144481299,"gmtCreate":1626310212111,"gmtModify":1703757543887,"author":{"id":"3567052123559984","authorId":"3567052123559984","name":"YiiYii","avatar":"https://static.tigerbbs.com/bb10d436567743e0e60ba0933900bf20","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3567052123559984","idStr":"3567052123559984"},"htmlText":"[噴血]&nbsp;","listText":"[噴血]&nbsp;","text":"[噴血]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/144481299","repostId":1166344664,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5225648,"gmtCreate":1626321422465,"gmtModify":1635228831731,"authorId":3572863479502236,"author":{"id":3572863479502236,"idStr":"3572863479502236","authorId":3572863479502236,"name":"PJoo","avatar":"https://static.tigerbbs.com/c1df329f4341646fc633446858d34c31","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":144481299,"type":1,"supId":0,"prevId":0,"content":"Hang <u>on</u>","text":"Hang <u>on</u>","html":"Hang <u>on</u>"},{"id":5228980,"gmtCreate":1626351281540,"gmtModify":1635228606172,"authorId":3567052123559984,"author":{"id":3567052123559984,"idStr":"3567052123559984","authorId":3567052123559984,"name":"YiiYii","avatar":"https://static.tigerbbs.com/bb10d436567743e0e60ba0933900bf20","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":144481299,"type":1,"supId":5225648,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"CN"},{"id":144483723,"gmtCreate":1626310182962,"gmtModify":1703757542417,"author":{"id":"3567295126071659","authorId":"3567295126071659","name":"RonnieSG","avatar":"https://static.tigerbbs.com/20c3815bb0969cd4ea7a26f56e53df31","vip":1,"crmLevel":7,"crmLevelSwitch":1,"authorIdStr":"3567295126071659","idStr":"3567295126071659"},"htmlText":"Great idea to add on","listText":"Great idea to add on","text":"Great idea to add on","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144483723","repostId":1166344664,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":144437682,"gmtCreate":1626309649046,"gmtModify":1703757522150,"author":{"id":"286700766310314","authorId":"286700766310314","name":"用脚vote","avatar":"https://static.laohu8.com/764fbedec2db5221ef71f5a000eca42f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"286700766310314","idStr":"286700766310314"},"htmlText":"I&nbsp; think game over","listText":"I&nbsp; think game over","text":"I think game over","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144437682","repostId":1166344664,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":144491183,"gmtCreate":1626308949542,"gmtModify":1703757500274,"author":{"id":"3586141073754906","authorId":"3586141073754906","name":"PowerTrade","avatar":"https://static.tigerbbs.com/654a45b6f93ba0e4b1e1778ac7b45526","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3586141073754906","idStr":"3586141073754906"},"htmlText":"The game is for the&nbsp;up-market only.","listText":"The game is for the&nbsp;up-market only.","text":"The game is for the up-market only.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/144491183","repostId":1166344664,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5223429,"gmtCreate":1626309222869,"gmtModify":1663230983852,"authorId":3569713264180526,"author":{"id":3569713264180526,"idStr":"3569713264180526","authorId":3569713264180526,"name":"PaladinSir","avatar":"https://static.tigerbbs.com/cab8fd813c652abf36d2c5f621d1fcaa","vip":1,"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":144491183,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":97,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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