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Chanyg
2021-07-13

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Why Virgin Galactic stock is down sharply after successful spaceflight

Virgin Galactic is down 17.3% to cut into the gain it built up ahead of last weekend's spaceflight.

Why Virgin Galactic stock is down sharply after successful spaceflight

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While the full power of the Virgin brand was on display, and Sir Richard’s knack for showmanship is clearly a powerful asset for the company, the challenge now will be for the company to maintain the momentum and establish a flight plan in 2022 that can demonstrate a repeatable and increasing commercial launch cadence.\"</p>\n<p>A $500M stock offering from Virgin Galactic isalso a major factor in today's selling pressure on SPCE.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Virgin Galactic stock is down sharply after successful spaceflight</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Virgin Galactic stock is down sharply after successful spaceflight\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-13 07:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3714393-why-virgin-galactic-stock-is-down-sharply-after-successful-spaceflight><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Virgin Galactic is down 17.3% to cut into the gain it built up ahead of last weekend's spaceflight.\n\nCanaccord Genuity analysts Ken Herbert and Austin Moeller reason that investors may have been ...</p>\n\n<a href=\"https://seekingalpha.com/news/3714393-why-virgin-galactic-stock-is-down-sharply-after-successful-spaceflight\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3714393-why-virgin-galactic-stock-is-down-sharply-after-successful-spaceflight","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1148324275","content_text":"Virgin Galactic is down 17.3% to cut into the gain it built up ahead of last weekend's spaceflight.\n\nCanaccord Genuity analysts Ken Herbert and Austin Moeller reason that investors may have been expecting a stronger post-launch announcement on the timetable for space tourism.\n\"While Branson promised a major announcement about bringing more people to space following his flight, there was ultimately no news about reopening ticket sales,\" they note.\nBranson did accompany his return to Earth with an extensive press conference and marketing blitz featuring a musical performance by R&B star Khalid, but the Canaccord analysts say the teased 'major announcement' disappointed after Branson only revealed that Virgin Galactic had partnered with Omaze.com to provide a sweepstake for someone to win two seats onboard a future SpaceShipTwo or SpaceShipThree mission.\nCanaccord still sees enough light at the end of the launchpad to keep a Buy rating on Virgin Galactic.\n\"If demand remains high even at a likely higher revised ticket quote (e.g., $500k), this will be a very positive indicator for Virgin's business model. 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