Virgin Galactic (NYSE: SPCE) stock was up as much as 34% on Tuesday in anticipation of a flight we’ve known was coming for weeks. Sometimes, the market can react to the strangest news items, but as Travis Hoium highlights in this video, there are long-term factors to watch.
*Stock prices used were end-of-day prices of May 26, 2024. The video was published on May 28, 2024.
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Travis Hoium has positions in Virgin Galactic. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.