Shares of Virgin Galactic Holdings, Inc. (NYSE: SPCE) have been on fire, gaining about 50% over the past week alone. There’s a good chance the rally stalls out, however, at least in the short term.
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Virgin Galactic Holdings Inc (NYSE: SPCE) shares traded higher by another 4.2% on Friday after the stock landed a major Wall Street upgrade.
The Analyst: UBS analyst Myles Walton upgraded Virgin Galactic from Neutral to Buy and cut his price target from $40 to $36.
Cathie Wood-led Ark Investment Management on Thursday shed nearly all of its remaining stake in Virgin Galactic Holdings Inc (NYSE: SPCE) on the day shares jumped after the space tourism company announced its next spaceflight test is set for the weekend.
Shares of space travel company Virgin Galactic Holdings Inc (NYSE: SPCE) are trading higher on Thursday on news out from the company for its planned timeline of taking passengers to space.
Cathie Wood-led Ark Investment Management on Monday shed nearly all of its stake in Apple Inc (NASDAQ: AAPL) and continued to snap up shares of Coinbase Global Inc (NASDAQ: COIN).