Why Virgin Galactic Stock Is Still Falling Today

Motley Fool2021-07-08

What happened Yesterday's downgrade from UBS took Virgin Galactic Holdings (NYSE:SPCE) stock's latest price spike and cut it off at the knees -- limiting the space tourism pioneer's gains to just 3% ...

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Comment（17）

MaeTan
·2021-07-08
Oh nooo... no good or bad news stock price also falling... ?
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1
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- MaddyLIM:
  Huat ah!!! Jia you
  2021-07-08
  Reply
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NongTrading
·2021-07-08
Omg
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LynnNg
·2021-07-08
Comment
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1
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- LynnNg:
  To
  2021-07-08
  Reply
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Veon6620
·2021-07-08
Will Branson come back safely?
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2
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- Sallkwan:
  May
  2021-07-09
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- MaeTan:
  Its everyone’s guess
  2021-07-08
  Reply
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th3aYaM
·2021-07-08
Scary
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1
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- Philentoma:
  Agree
  2021-07-08
  Reply
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SionKoh
·2021-07-08
Pain[捂臉]
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1
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BotaKal
·2021-07-08
Shorts
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2
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EverWin
·2021-07-08
good and reply
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- Tigal80:
  yes
  2021-07-08
  Reply
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Azmil8888
·2021-07-08
like and comment pls
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XIN90
·2021-07-08
Waiting it to fly soon
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4
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ZEROHERO
·2021-07-08
Buy the rumour & sell the news
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2
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AngelFang
·2021-07-08
Hello
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5
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- LW100:
  Comment
  2021-07-08
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Magdalene89
·2021-07-08
Good
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1
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SeasonOo
·2021-07-08
[Smile]
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JunLong
·2021-07-08
High risk high return
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- SeasonOo:
  I
  2021-07-08
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francis3
·2021-07-08
Very risky stock to play.
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Cd989
·2021-07-08
Lol stop
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4
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- justjoined:
  Like please.
  2021-07-08
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(Investors yawn.)","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SPCE":"维珍银河"},"translate_title":"为什么维珍银河股票今天还在下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SPCE":0.9},"content_text":"What happened\nYesterday's downgrade from UBS took Virgin Galactic Holdings (NYSE:SPCE) stock's latest price spike and cut it off at the knees -- limiting the space tourism pioneer's gains to just 3% Tuesday.\nResponding rapidly, analysts at Truist bank -- the former BB&T -- rushed out a note assuring investors that when Sir Richard Branson flies to space on Sunday, it will be a \"positive catalyst\" for the stock (reports TheFly.com). Then Virgin Galactic itself released a promotional TikTok clip showing its founder talking on the phone and commenting \"I'd love to go to space... in fact, I think I'll go Sunday!\n\n Watch this space... @VirginGalactic is now on @tiktok_us! Follow us here; https://t.co/SYMnxWbShk pic.twitter.com/VZtXVX42VY— Virgin Galactic (@virgingalactic) July 7, 2021\n\nBut it was all for naught. Virgin Galactic stock is in free fall today -- down 6.5% as of 10:40 a.m. EDT.\nSo what\nThe good news is that there's no bad news to explain the stock's sudden unpopularity. The bad news, though, is that even great news might not be able to sustain Virgin Galactic stock at its current, elevated stock price.\nAs UBS explained in its note yesterday, there are certainly catalysts coming up that could support Virgin Galactic's current $10 billion-plus market capitalization. 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Until that changes -- until Virgin Galactic begins flying paying customers to space, and reporting the results of those trips as revenue -- the lack of any positive \"surprises\" on the news front could keep a lid on the stock price going forward.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":149565201,"gmtCreate":1625736518903,"gmtModify":1703747440049,"author":{"id":"3566205103165331","authorId":"3566205103165331","name":"MaeTan","avatar":"https://static.tigerbbs.com/9b4c7db40f5ec74ea810182d08212cf4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3566205103165331","authorIdStr":"3566205103165331"},"htmlText":"Oh nooo... no good or bad news stock price also falling... ?","listText":"Oh nooo... no good or bad news stock price also falling... ?","text":"Oh nooo... no good or bad news stock price also falling... ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/149565201","repostId":2149313257,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5161611,"gmtCreate":1625750434165,"gmtModify":1663230710825,"authorId":3576843963312863,"author":{"id":3576843963312863,"idStr":"3576843963312863","authorId":3576843963312863,"name":"MaddyLIM","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":149565201,"type":1,"supId":0,"prevId":0,"content":"Huat ah!!! 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safely?","listText":"Will Branson come back safely?","text":"Will Branson come back safely?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/149659147","repostId":2149313257,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5167704,"gmtCreate":1625796286998,"gmtModify":1663230743439,"authorId":3581550090206949,"author":{"id":3581550090206949,"idStr":"3581550090206949","authorId":3581550090206949,"name":"Sallkwan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":149659147,"type":1,"supId":0,"prevId":0,"content":"May ","text":"May ","html":"May "},{"id":5159654,"gmtCreate":1625736557463,"gmtModify":1663230700942,"authorId":3566205103165331,"author":{"id":3566205103165331,"idStr":"3566205103165331","authorId":3566205103165331,"name":"MaeTan","avatar":"https://static.tigerbbs.com/9b4c7db40f5ec74ea810182d08212cf4","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 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