I'm Still Holding Virgin Galactic Stock -- Here's When I'd Sell
Virgin Galactic (NYSE: SPCE) celebrated the successful completion of its first commercial spaceflight on June 29, 2023 -- but you wouldn't know it judging by the company's languishing stock price. Despite the applaudable milestone and a strong rally leading up to the flight, shares of the space industry leader have all but given up those gains to trade nearly 60% below their 52-week high as of this writing.
So what's an investor to do?
I'm still personally holding most of the Virgin Galactic shares I bought around the time when it went public via a 2019 SPAC merger, and believe the stock could deliver outsized returns for patient investors as Virgin Galactic works to achieve its longer-term vision. But make no mistake: This remains a very high-risk stock that should comprise only a small part of investors' portfolios. With echoes of its now-bankrupt spinoff Virgin Orbit still ringing in my ears, I won't hesitate to sell if Virgin Galactic has any significant missteps along the way.
Source Fool.com
