Virgin Galactic Holdings, Inc. SPCE shares are trading lower, reversing from the premarket rally, after the company filed or a $500 million shelf offering of common stock.
On Sunday, Virgin Galactic successfully completed its first fully crewed spaceflight. The stock reached a session high of $50.75 then sold off following news of the offering.
Virgin Galactic Holdings Inc is a United States-based vertically-integrated aerospace company pioneering human spaceflight for private individuals & researchers, and it also manufactures advanced air and space vehicles.
Virgin Galactic's stock was trading about 11.5% lower at $43.60 at the time of publication. The stock has a 52-week high of $62.80 and a 52-week low of $14.27.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
