Motley Fool
Why Virgin Galactic Stock Jumped 10%, Then Gave Most of It Back
In just five days, Virgin Galactic Holdings (NYSE: SPCE) — the most famous of the recent run of space SPAC IPOs — says it will send its founder, Sir Richard Branson, into space. As the July 11 target date for that flight draws closer, investors remain excited, and Virgin Galactic shares tacked on nearly 10% in early trading today. Then, Swiss investment bank UBS (NYSE: UBS) replied with the equivalent of a yawn, and Virgin Galactic stock promptly gave up most of those gains.
