Shares of Virgin Galactic Holdings Inc. have bounced back by 3.9% in premarket trades on Thursday, following a slight decline over the past two days. Recent Volatility The stock has experienced a downturn for five out of the last six days. This trend continued on Tuesday when it closed the session with a 6.8% drop, marking its most significant daily percentage decline since … [Read more...] about Virgin Galactic Holdings Inc. Sees Rebound in Pre-market Trades
Virgin Galactic
Space Stocks Slide as Virgin Galactic and Intuitive Machines Experience Losses
Space stocks are experiencing a decline on Friday, with Virgin Galactic Holdings Inc. leading the way with a decrease of 5.4%. This marks the second consecutive day of losses for the space tourism company and its largest single-day percentage decline since Tuesday's 7.6% drop. Virgin Galactic (SPCE) has faced declines in five out of the last six days. Intuitive Machines Inc. … [Read more...] about Space Stocks Slide as Virgin Galactic and Intuitive Machines Experience Losses
Virgin Galactic Cuts Staff and Costs to Focus on Delta Spacecraft Program
Commercial space-flight operator Virgin Galactic Holdings Inc. has announced plans to streamline its operations by reducing staff and costs outside of its Delta spacecraft program. The company aims to improve profitability and efficiency through this strategic move. While specific figures were not provided in the email sent to employees, further details are expected to be … [Read more...] about Virgin Galactic Cuts Staff and Costs to Focus on Delta Spacecraft Program
Virgin Galactic Reports Narrowed Quarterly Loss and Increased Revenue
Virgin Galactic Holdings Inc. shares experienced a surge in the after-hours session on Wednesday after the space-tourism company announced a narrowing of its quarterly loss and a significant increase in revenue. Improvements in Financial Performance In the third quarter, Virgin Galactic reduced its losses to $105 million, or 28 cents a share, compared to $146 million, or 55 … [Read more...] about Virgin Galactic Reports Narrowed Quarterly Loss and Increased Revenue
