Why Virgin Galactic's Stock Is Trading Higher Today

Virgin Galactic Holdings (NYSE:SPCE) shares are trading higher on Monday after Cowen & Co initiated coverage on the stock with an Outperform rating on the stock and a price target of $22 per share.

Virgin Galactic Holdings is a U.S.-based aerospace company pioneering human spaceflight for private individuals and researchers, as well as a manufacturer of advanced air and space vehicles.

Virgin Galactic shares were trading up 1.15% at $17.66 on Monday. The stock has a 52-week high of $42.49 and a 52-week low of $6.90.

Related Links:

Virgin Galactic Reports Q1 Earnings, Secures NASA Space Contract

Blue Origin, SpaceX Land NASA Deal