Why Virgin Galactic Stock Exploded Higher on Monday
Morgan Stanley downgraded shares of Virgin Galactic Holdings (NYSE: SPCE) stock Monday, and no one cares.
In a note out this morning, reported by TheFly.com, the investment bank warned that it has seen "very little company specific news" to justify the stock doubling in price year to date. And yet there is news today. And Virgin Galactic shares are off to the races, up 12.2% as of 10:55 a.m. EST.
Image source: Virgin Galactic.
Source Fool.com
