Why Virgin Galactic Shares Nearly Doubled in January

January was a very good month for shares of Virgin Galactic Holdings (NYSE: SPCE). The stock traded up almost 87%, according to data provided by S&P Global Market Intelligence, with the stock responding to a tough December with a strong January performance.

Virgin Galactic is a volatile stock on quiet trading days, and it tends to be especially choppy during dramatic market moves. The space tourism start-up dealt with setbacks in 2020 and had to delay the debut of its commercial service, but it now appears to be back on track to get paying customers into orbit in 2021.

Image source: Virgin Galactic.

Source Fool.com