Virgin Galactic (NASDAQ:SPCE) Sets New 52-Week High at $16.01

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Virgin Galactic Holdings (NASDAQ:SPCE)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $16.01 and last traded at $15.03, with a volume of 5683704 shares. The stock had previously closed at $14.84.

SPCE has been the subject of a number of analyst reports. Morgan Stanley initiated coverage on Virgin Galactic in a research note on Monday, December 9th. They set an “overweight” rating and a $22.00 price objective for the company. Credit Suisse Group started coverage on Virgin Galactic in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $12.43 target price for the company. Finally, Vertical Research started coverage on Virgin Galactic in a research note on Tuesday, November 5th. They issued a “buy” rating and a $20.00 target price for the company.

The business’s 50 day moving average price is $10.19.

Virgin Galactic (NASDAQ:SPCE) last posted its earnings results on Tuesday, November 12th. The company reported ($0.20) earnings per share (EPS) for the quarter.

In other news, CEO George Thomas Whitesides purchased 5,850 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were bought at an average cost of $7.26 per share, for a total transaction of $42,471.00. Also, major shareholder Vieco Usa, Inc. sold 10,000,000 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $10.99, for a total value of $109,900,000.00.

An institutional investor recently bought a new position in Virgin Galactic stock. CenterStar Asset Management LLC purchased a new stake in Virgin Galactic Holdings (NASDAQ:SPCE) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,085 shares of the company’s stock, valued at approximately $139,000.

Virgin Galactic Company Profile (NASDAQ:SPCE)

Virgin Galactic, LLC provides spaceline services. The company offers suborbital research flights to scientific research community. It also operates a spaceport for astronaut training and flights operations.Virgin Galactic, LLC was founded in 2004 and is based in Mojave, California with additional offices in Las Cruces, New York, London, Pasadena, and Washington, DC Virgin Galactic, LLC operates as a subsidiary of Virgin Group Ltd.

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