Not To The Moon – Virgin Galactic Crashes Over 20% From Overnight Highs
Virgin Galactic shares soared into the stratosphere at the pre-market open, trading at $59.99, follow Sir Richard Branson’s brief stay in micro-gravity.
But, the share have plunged over 20% from those opening highs, now down over 6% from Friday’s close.
The shares are now halted as SPCE announced that it may offer and sell up to $500 million in stock through a distribution agency pact with Credit Suisse, Morgan Stanley and Goldman Sachs.
Mon, 07/12/2021 – 09:41