Virgin Galactic (SPCE) Stock Crashes 16% on Postponed Commercial Spaceflights, Analyst Lowers PT on Increased Uncertainty and Lack of Clarity
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UBS Downgrade to Sell Pushes Virgin Galactic (SPCE) Stock Below $20 For the First Time Since May
October 18, 2021 10:19 AM EDTVirgin Galactic (NYSE: SPCE) stock is down roughly 2% today after UBS analyst Myles Walton downgraded to Sell from Neutral.
Virgin Galactic announced last week it pushed back its first commercial flight from 3Q to 4Q next year
The event path for the stock is now disjointed for the better part of the next year and with 24% of shares outstanding... More
UBS Downgrades Virgin Galactic (SPCE) to Sell
October 18, 2021 4:19 AM EDTUBS analyst Myles Walton downgraded Virgin Galactic (NYSE: SPCE) from Neutral to Sell with a price target of $15.00 (from $26.00).
The analyst comments "In early September, what was supposed to be a late Sept powered flight was delayed to late Oct following... More
Virgin Galactic to delay commercial space travel service
October 14, 2021 5:18 PM EDTBy David Shepardson
WASHINGTON (Reuters) -Space exploration company Virgin Galactic Holdings Inc said on Thursday it is delaying its commercial space travel service to the fourth quarter of 2022 and will not conduct another planned test flight this year.
Virgin Galactic said "commercial service is now expected to commence in Q4 2022." Shares in the company fell 13% in afterhours trading.
The U.S. Federal Aviation Administration (FAA) on Sept. 2 had barred Virgin Galactic from flying its SpaceShipTwo pending... More
