Why Virgin Galactic's Reverse Stock Split Went Splat
Virgin Galactic confirmed last week that it would reverse split its stock 1-for-20. The reverse split has taken effect, and Virgin Galactic began trading at its new and improved stock price this morning.
Virgin Galactic's Stock Split Gave Its Price a Boost. This Will Bring It Back to Earth.
The unprofitable space tourism company did a reverse stock split to boost the share price. But that won't change its poor fundamentals.
Will a 1-for-20 Reverse Split Save Virgin Galactic (SPCE) Stock?
Virgin Galactic (NYSE: SPCE ) stock is in the spotlight today as the company's 1-for-20 reverse split goes into effect. The firm, which specializes in carrying out commercial space flights, is executing the split in order to comply with the New York Stock Exchange's minimum bid requirement.
Virgin Galactic stock forecast: is SPCE a bargain or a value trap?
The Virgin Galactic (NYSE: SPCE) stock price continued its remarkable sell-off this month as it crashed to its all-time low. It dropped to a low of $0.6850 on Friday, bringing the year-to-date losses to 72%.
Virgin Galactic Can Breathe a Sigh of Relief, as Elon Musk's Space Tourism Business Stumbles
On June 1, SpaceX's highest-profile space tourism mission was abruptly canceled. On June 8, Virgin Galactic flew what may be its final space tourism flight.
Virgin Galactic Stock: Buy, Sell, or Hold?
Virgin Galactic has flown the last flight with its Unity spacecraft. The company is burning through cash as it looks to build the Delta generation of spacecraft.
Virgin Galactic Stock: Now We Wait
It'll be two years before Virgin Galactic can prove its strategy right.
Investing in Space: Virgin Galactic enters spaceflight hiatus after retiring Unity
VSS Unity was a good suborbital spaceship. But Virgin Galactic needs a great suborbital spaceship.
Why Virgin Galactic Stock Just Crashed 14%
Two months ago, Virgin Galactic warned shareholders it might reverse split its shares. Last night, the company did just that, announcing a 1-for-20 reverse share split.
Virgin Galactic (SPCE) Stock Falls on 1-for-20 Reverse Stock Split Plans
Virgin Galactic (NYSE: SPCE ) stock is sliding lower on Thursday after the space exploration company announced plans for a reverse stock split. According to Virgin Galactic, this reverse stock split is set to take place after markets close on Friday.
Virgin Galactic reverse stock split: Shares tumble as space tourism company fights to stay listed on the NYSE
Virgin Galactic Holdings, the space tourism company founded by Richard Branson, said Thursday that its board of directors has sanctioned a 1-for-20 reverse stock split of the company's common stock. This reverse stock split is set to take effect at 5 p.m.
Virgin Galactic tumbles after confirming reverse stock split plan
Virgin Galactic Holdings Inc (NYSE:SPCE) shares are set to tumble 9.4% on Thursday after the space tourism company confirmed plans for a reverse stock split, after it was warned by NYSE that its share price is too low. The company said in an afterhours announcement on Wednesday that directors had approved a 1-for-20 reverse stock split, after shareholders approved a share consolidation move at the annual meeting yesterday.
