Why Virgin Galactic Stock Popped 5% Today
Shares of Virgin Galactic (NYSE: SPCE) stock are up 5% in 12:25 p.m. EDT trading Thursday. There was no news to explain why the stock is moving higher, however.
This is not an uncommon occurrence with Virgin Galactic. Actually, I'd say it's a not-uncommon occurrence with many start-up stocks that feature minimal to nonexistent revenue and profits but offer a good "story" to convince investors that the future could feature years of revenue growth and profits aplenty.
Image source: Virgin Galactic.
Source Fool.com
