Virgin Galactic Holdings Inc
Sell Virgin Galactic as it delays space tourism flights and burns through cash, Truist says
Sell shares of Virgin Galactic as the space tourism company continues to push back commercial flights and burns through cash, according to Truist. Analyst Michael Ciarmoli downgraded shares of Virgin Galactic to sell from hold, citing a disappointing second-quarter report. The company postponed commercial flights to the second quarter of 2023. It also reported a […]
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Stocks making the biggest moves premarket: Expedia, Block, Lyft and more
Check out the companies making headlines before the bell: Expedia (EXPE) – The travel website operator’s stock jumped 5.4% in the premarket after Expedia beat top and bottom line estimates in its latest quarterly report. Travel demand was strong, with lodging revenue up 57% from a year ago and airline ticket revenue up 22%. Block […]
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Virgin Galactic again delays space tourism flights, to second quarter 2023
Carrier aircraft VMS Eve takes off from Spaceport America in New Mexico, carrying spacecraft VSS Unity on July 11, 2021. Virgin Galactic Space tourism company Virgin Galactic on Thursday postponed the beginning of its commercial flights by another three months, citing delays in work refurbishing its carrier aircraft. Virgin Galactic announced that commercial service is […]
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Stocks making the biggest moves after hours: DoorDash, Beyond Meat, AMC, Virgin Galactic & more
A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Carlo Allegri | Reuters Check out the companies making headlines after the bell: DoorDash — Shares of the food delivery company popped 12% after a revenue beat. DoorDash reported revenue of $1.61 billion in the […]
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Stocks making the biggest moves midday: GameStop, Virgin Galactic, Bed Bath & Beyond and more
Shoppers wait for a GameStop store to open on at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters Check out the companies making headlines in midday trading. GameStop — Shares of the video game retailer jumped 15.1% after the company said a 4-for-1 stock split was approved by its board. A stock […]
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Stocks making the biggest moves premarket: GameStop, Seagen, Virgin Galactic and more
Check out the companies making headlines before the bell: GameStop (GME) – GameStop rallied 7.8% in the premarket after the videogame retailer declared a 4-for-1 stock split. Trading on a split-adjusted basis will begin on July 22. Seagen (SGEN) – Seagen gained 4.5% in premarket trading after the Wall Street Journal reported that Merck (MRK) […]
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Virgin Galactic announces deal with Boeing subsidiary to build additional aircraft ‘motherships’
A conceptual rendering of the company’s carrier aircraft, also known as a “mothership.” Virgin Galactic Space tourism company Virgin Galactic on Wednesday announced a deal with Boeing subsidiary Aurora Flight Sciences to build two additional carrier aircraft to support its coming spacecraft fleet. Virgin Galactic currently has one carrier aircraft, or “mothership,” called VMS Eve […]
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Cliff Asness says value stocks are still crazy cheap relative to growth. Here are his top picks
Cliff Asness, co-founder of AQR Capital Management, believes value stocks are still a lot more attractive than their growth counterparts, even after a big market correction. “We’re sticking with it [value] because we always like some value in the portfolio. And we do like more when it looks very, very cheap,” Asness said on CNBC’s […]
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Space stocks had a rough first quarter as several companies struggled with supply chain disruptions
Virgin Orbit’s modified 747 jet “Cosmic Girl” releases the company’s LauncherOne rocket for a mission on January 13, 2022. Virgin Orbit Space companies reported results for the first quarter of the year over the past several weeks – with many CEOs complaining of supply chain disruptions pushing back hardware deliveries and launch schedules. “Everyone’s getting […]
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Virgin Orbit is assembling a fleet of 747 jets to launch more rockets into space
The modified 737 aircraft “Cosmic Girl” lifts off from Mojave Air and Space Port in California carrying a LauncherOne rocket on June 30, 2021. Virgin Orbit Virgin Orbit is assembling a fleet of modified 747 jets, the company announced Tuesday, ordering two new modified cargo airframes to help launch more rockets into space. The company […]
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