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Tag: Virgin

Why Virgin Galactic Stock Keeps Going Down

Things are not looking great for Virgin Galactic (NYSE: SPCE). Since confirming its decision to run a 1-for-20 reverse share split last week (shrinking its share count by 20x and artificially pumping up its share price by 20x), the space tourism company’s share price at first seemed to leap the expected 20 times to $14.80 […]

Virgin Galactic stock tumbles after reverse stock split

Virgin Galactic (SPCE) shares are trading lower after the company implemented a 1-for-20 reverse stock split, which took effect on Monday. This action, aimed at increasing the company’s stock price and meeting listing requirements, has triggered a sell-off among investors. Yahoo Finance’s Market Domination takes a closer look at the space tourism company’s stock action. […]

Why Virgin Galactic’s Reverse Stock Split Went Splat

Well, it seems I was too optimistic. Writing up Virgin Galactic‘s (NYSE: SPCE) 1-for-20 reverse share split announcement last week, I explained that by gluing together 20 ordinary shares into a kind of “mega-share,” the company would transform its apparent share price from $0.74 (Thursday) into a new share price of $14.80 (today). Instead, Virgin […]

Virgin Galactic shares sink after board approves reverse stock split

(Bloomberg) — Virgin Galactic Holdings Inc. shares tumbled after the company’s board of directors agreed to a 1-for-20 reverse stock split aimed at maintaining the stock’s listing on the New York Stock Exchange. Most Read from Bloomberg The Richard Branson-founded space tourism company proposed the reverse split in April after its stock had fallen below […]