Virgin Galactic Holdings Inc. (SPCE)
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.
Virgin Galactic shares plunge on reverse stock-split announcement
Shares of Virgin Galactic Holdings Inc. plunged 13.1% in extended trading Wednesday after the space tourism company announced a reverse stock split.
Virgin Galactic announces reverse stock split
Virgin Galactic announced a 1-for-20 reverse stock split of the company's common stock on Wednesday, sending its shares down 12% in extended trading.
10 Reasons to Buy Virgin Galactic Stock Now
The allure of space travel has captivated humanity for centuries, and Virgin Galactic (NYSE: SPCE) is leading the charge in making that dream a reality.
Virgin Galactic shares skyrocket, on pace for biggest gain in 2 weeks
Shares of Virgin Galactic Holdings Inc. were climbing 14% on Tuesday afternoon — putting the stock on pace for its biggest daily percentage gain since May 28, when it rose 22.6%.
Virgin Galactic spaceplane takes tourists on flight
Virgin Galactic flew four tourists to the edge of space and back aboard its spaceplane, marking the second flight this year, the Richard Branson-founded company said on Saturday.
Virgin Galactic's stock climbs ahead of final Unity spacecraft mission
Shares of Virgin Galactic Holdings Inc. rose 2% in premarket trades as the space tourism company prepares for the final flight of its Unity spacecraft.
Is This the End for Virgin Galactic?
Virgin Galactic will launch its final Unity space tourism mission in early June. Rival Blue Origin resumed flying its own space tourism flights in May.
Virgin Galactic's Plans for Profit Aren't Realistic
Virgin Galactic will launch its final VSS Unity space tourism flight -- ever -- in June. Flights won't resume until at least 2026, when the arrival of two new Delta-class spaceplanes will enable Virgin Galactic to book $450 million in revenue per year.
Virgin Galactic warned by NYSE that share price is too low
Sir Richard Branson's Virgin Galactic Holdings Inc has assured that it is working on a plan to prevent its shares being ejected from the New York Stock Exchange after the stock price fell below the required minimum. The NYSE sent a message yesterday warning the space tourism group that the average closing share price was below $1.00 over 30 consecutive trading days, which is required for continued listing on the exchange.
Virgin Galactic Stock Skyrockets 34% Higher
Sometimes, stocks pop for the strangest reasons.
