Virgin Galactic (NASDAQ:SPCE) Reaches New 12-Month High at $16.01

Virgin Galactic Holdings (NASDAQ:SPCE)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $16.01 and last traded at $15.03, with a volume of 5683704 shares. The stock had previously closed at $14.84.

A number of equities research analysts recently issued reports on SPCE shares. Vertical Research started coverage on Virgin Galactic in a research report on Tuesday, November 5th. They set a “buy” rating and a $20.00 price target on the stock. Morgan Stanley started coverage on Virgin Galactic in a research report on Monday, December 9th. They set an “overweight” rating and a $22.00 price target on the stock. Finally, Credit Suisse Group started coverage on Virgin Galactic in a research report on Wednesday, November 27th. They set an “outperform” rating and a $12.43 price target on the stock.

The business has a 50-day moving average of $10.19.

Virgin Galactic (NASDAQ:SPCE) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.20) earnings per share (EPS) for the quarter.

In other Virgin Galactic news, major shareholder Vieco Usa, Inc. sold 10,000,000 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $10.99, for a total transaction of $109,900,000.00. Also, CEO George Thomas Whitesides bought 5,850 shares of the business’s stock in a transaction on Monday, December 9th. The shares were acquired at an average price of $7.26 per share, with a total value of $42,471.00.

An institutional investor recently bought a new position in Virgin Galactic stock. FNY Investment Advisers LLC purchased a new stake in Virgin Galactic Holdings (NASDAQ:SPCE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 25,381 shares of the company’s stock, valued at approximately $293,000.

Virgin Galactic Company Profile (NASDAQ:SPCE)

Virgin Galactic, LLC provides spaceline services. The company offers suborbital research flights to scientific research community. It also operates a spaceport for astronaut training and flights operations.Virgin Galactic, LLC was founded in 2004 and is based in Mojave, California with additional offices in Las Cruces, New York, London, Pasadena, and Washington, DC Virgin Galactic, LLC operates as a subsidiary of Virgin Group Ltd.

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