Virgin Galactic Holdings, Inc. (SPCE)
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- Benzinga
Wells Fargo Sees Sharp Downside In Virgin Galactic - Read Why
Wells Fargo analyst Matthew Akers initiated coverage of Virgin Galactic Holdings Inc (NYSE: SPCE) with an Underweight rating and a price target of $4, implying a downside of 35%. SPCE has additional risk, according to the analyst, as he doubts it can create its new Delta spacecraft and continue to fund operations without another capital raise. Akers believes that retail investor interest in SPCE is driving its valuation, which could fall further if economic activity slows. Also Read: Wells Fargo
- InvestorPlace
The 7 Best Meme Stocks to Buy Now
The article covers the best meme stocks to buy that are worth another look Virgin Galactic (SPCE): Growing reservation backlog is a testament to the interest of its customers Cassava Sciences (SAVA): With the controversy behind it, SAVA can focus on getting simufilam to the market Tilray (TLRY): Dominating the Canadian market, boasting remarkable fundamental results AMC Entertainment (AMC): Strong movie slate could turn things around and help significantly de-leverage the business GameStop (GME)
- Reuters
Virgin Galactic delays launch of commercial space flight service
"We look forward to returning to space in the fourth quarter and launching commercial service in the first quarter of next year," Chief Executive Officer Michael Colglazier said. The Richard Branson-founded company had earlier planned to launch the commercial space flight service in the fourth quarter of 2022. Virgin Galactic's net loss stood at $93.1 million during the first quarter ended March 31, compared to a loss of $129.7 million, a year ago.
