Virgin Galactic wants to reverse-split its stock. Should you be scared?Virgin Galactic (SPCE -11.69%) stock tumbled 16.5% through 10:40 a.m. ET Friday morning on what should have been ho-hum news. This morning, the company filed its regularly scheduled "notice of annual meeting of stockholders" (to be held on June 12). On the agenda: electing directors, approving an auditor, and setting executive salaries.Oh, and one more thing.Virgin Galactic will propose a reverse stock split. What will a reverse split do ...

The latest trading session saw Virgin Galactic (SPCE) ending at $1.04, denoting a +1.96% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a gain of 0.03% for the day. Elsewhere, the Dow saw an upswing of 0.41%, while the tech-heavy Nasdaq appreciated by 0.12%.Heading into today, shares of the company had lost 32% over the past month, lagging the Aerospace sector's loss of 5.49% and the S&P 500's loss of 0.9% in that time.The upcoming earnings release of Virgin Galactic ...

Virgin Galactic (SPCE) closed at $1.24 in the latest trading session, marking a -1.59% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.11% for the day. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 1.24%.Heading into today, shares of the company had lost 26.74% over the past month, lagging the Aerospace sector's gain of 1.79% and the S&P 500's gain of 0.48% in that time.Investors will be eagerly watching for the performance of Virgin Gal ...

The most recent trading session ended with Virgin Galactic (SPCE) standing at $1.29, reflecting a -1.53% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.11% gain on the day. Meanwhile, the Dow experienced a drop of 0.11%, and the technology-dominated Nasdaq saw an increase of 0.23%.The the stock of company has fallen by 18.13% in the past month, lagging the Aerospace sector's gain of 2.55% and the S&P 500's gain of 1.5%.The investment community will be paying close attenti ...

Virgin Galactic (NYSE: SPCE) stock price continued its downtrend in the first quarter as concerns about its cash burn continued. It has plunged by more than 44% in the first quarter and by over 64% in the past 12 months. Notably, the stock has crashed from its all-time high of $62.5 to just $1.36. That crash has brought its total market cap from over $20 billion to less than $600 million today. In simple terms, a $10,000 investment at its peak in 2021 would now be worth just $217. High-risk investment Copy ...

Virgin Galactic (SPCE) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned -14.4% over the past month versus the Zacks S&P 500 composite's +5.3% change. The Zacks Aerospace - Defense industry, to which Virgin Galactic belongs, has gained 1.4% over this period. Now the key question is: Where could the stock be headed in the near term?Although media repor ...

Virgin Galactic (SPCE) closed the most recent trading day at $1.43, making no change from the previous trading session. This change lagged the S&P 500's 0.32% gain on the day. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq added 0.2%.Heading into today, shares of the company had lost 18.75% over the past month, lagging the Aerospace sector's gain of 2.01% and the S&P 500's gain of 5.11% in that time.Analysts and investors alike will be keeping a close eye on the performance of Virgin Galactic ...

Space tourism company Virgin Galactic (SPCE 1.84%) reported full-year 2023 earnings at the end of February. This closed out a "record" year for spaceflight, in which the company flew its VSS Unity spaceplane seven times, and tripled its annual revenue. And what did this mean for the company's multi-year history of losing money and burning cash?Losses increased by $2 million, and cash burn grew by 24%, to $492.5 million. That's according to S&P Global Market Intelligence, a provider of financial data on U.S. ...

Virgin Galactic (SPCE -4.12%) has big dreams -- the kind that could, if it makes those dreams into reality, turn investors into millionaires. The problem is that big aspirations don't always work out as well as hoped. If you are looking at Virgin Galactic today thinking that it will get you to a seven-figure net worth, step back and consider the risks. Here's a quick look at where the company stands now.Virgin Galactic has achieved great thingsTo give Virgin Galactic its due, 2023 was a pivotal year in a ve ...

ORANGE COUNTY, Calif.--(BUSINESS WIRE)--Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic”) announced that the Compensation Committee of Virgin Galactic’s Board of Directors approved the grants of time-based inducement restricted stock unit awards covering an aggregate of 46,225 shares of Virgin Galactic common stock to two new non-executive employees, each effective March 15, 2024. The awards were granted under Virgin Galactic’s 2023 Employment Inducement Incentive Award Plan, which provides f ...