Why Virgin Galactic Stock Just Popped 13.5%

Virgin Galactic (NYSE: SPCE) is pretty new as companies go. Although the company didn't technically "IPO," its reverse merger into Social Capital Hedosophia Holdings only took place in October -- and since then, the company has already racked up two new buy ratings on Wall Street.

Actually, make that three.

This morning, investment banker Morgan Stanley became the third Wall Street bank to endorse Virgin Galactic, and as of 10:55 a.m. EST, Virgin Galactic stock is already up 13.5% in response.

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Source Fool.com