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
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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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1
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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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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. Nevertheless, the simple fact of the matter is that with Virgin Galactic's shares up 170% from their lows just two months ago, most of the good news that Virgin Galactic might report in the months and quarters ahead is already priced in to the stock.\n\nImage source: Virgin Galactic.\nNow what\nAnd here's the thing: With neither profit nor even revenue to provide a valuation argument in favor of its stock price at present, Virgin Galactic's shares basically trade on good news. 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","authorIdStr":"3566205103165331","name":"MaeTan","avatar":"https://static.tigerbbs.com/9b4c7db40f5ec74ea810182d08212cf4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"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,"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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Jia 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Branson come back 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,"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,"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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