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OUCH! SPCE taking a beating. BTFDs. (not according to this article however)Virgin Galactic Shares Drop as Wall Street Takes Stock. -- Barrons.comBY Dow Jones & Company, Inc. — 11:56 AM ET 06/28/2021 Stock in space-tourism pioneer Virgin Galactic ( SPCE
) is lower Monday, giving back some of Friday's incredible gains fueled by an important milestone the company met on its path to carrying paying customers. Virgin Galactic ( SPCE
) is down about 5.5% in morning trading Monday, falling to Shares soared almost 39% after the company announced it had received its commercial operating license following a successful May test flight. Friday's "approval by the Federal Aviation Administration of our full commercial launch license, in conjunction with the success of our
) CEO The gains, however, have left shares trading well above the average analyst price target. It has been hard for analysts to keep up. Things went bad quickly for the stock earlier this year, and they then went good quicker than anyone expected. Shares traded below Coming into Friday, the average analyst price target was UBS analyst Alembic Global Advisors analyst Now four of 10 analysts covering the company rate Virgin Galactic ( SPCE
) stock at Buy. That's down from six a few days ago, according to Bloomberg. None, however, have a price target near were shares are trading. The highest target price on the Street comes from Truist analyst Ciarmoli wrote Friday that the news was a positive and he expected shares to trade higher. Shares were about Virgin Galactic ( SPCE
) stock is still up about 123% year to date, far better than comparable gains of the S&P 500 and Dow Jones Industrial Average. Write to |
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