Why Virgin Galactic Stock Just Popped

Shares of space tourism company Virgin Galactic (NYSE: SPCE) jumped nearly 5% this morning, then lost it all, then got some of it back -- cycling from highs to lows and back again. As of 10:50 a.m. EDT, shares of the space tourism pioneer were back up to a 3% gain.

Image source: Getty Images.

StreetInsider.com is attributing today's volatility to "chatter" that there's a test flight imminent for Virgin Galactic's VSS Unity spaceplane, and it appears they're right about that. Newsfilter.io reports today that "private jets used by [Virgin Galactic's] execs are at Spaceport America today," and that this could indicate that "the highly anticipated test flight of Richard Branson's SpaceShipTwo could finally arrive."

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Source Fool.com