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2021-07-15
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Why Virgin Galactic Stock Cratered Another 13% Wednesday
Key Points Virgin Galactic isn't necessarily selling $500 million in stock right now. This sell-off
Why Virgin Galactic Stock Cratered Another 13% Wednesday
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08:07","market":"us","language":"en","title":"Why Virgin Galactic Stock Cratered Another 13% Wednesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1166344664","media":"Motley Fool","summary":"Key Points\n\nVirgin Galactic isn't necessarily selling $500 million in stock right now.\nThis sell-off","content":"<p><b>Key Points</b></p>\n<ul>\n <li>Virgin Galactic isn't necessarily selling $500 million in stock right now.</li>\n <li>This sell-off is normal volatility for Virgin Galactic shares.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/f37657791aaf3990e3363b306770fc5a\" tg-width=\"663\" tg-height=\"440\"></p>\n<p><b>What happened</b></p>\n<p>Shares of<b>Virgin Galactic Holdings</b>(NYSE:SPCE)fell as much as 13.1% in trading on Wednesday, continuing a slide that'sbeaten down shares all week. Since the close of trading on Friday, shares are down 31.6% as I'm writing, trimming over $3 billion in value off the company.</p>\n<p>The only announcement out from Virgin Galactic Wednesday was the scheduling of its second-quarter 2021 earnings announcement for Thursday, Aug. 5, after the market closes. But that's not what's moving thisgrowth stock Wednesday.</p>\n<p><b>So what</b></p>\n<p>The sell-off in Virgin Galactic shares began early this week after management filed to sell as much as $500 million in stock. The sale wasn't a block sale at a set price, but instead will be made \"from time to time\" through \"sales agents.\" In other words, the company may have sold a large chunk of stock earlier this week, or it may have sold nothing, sitting on the $630 million in cash it had on the balance sheet as of March 31.</p>\n<p>Investors will likely get an update on the stock sale and cash position on the earnings call, not to mention what management plans to do with the cash. As Virgin Galactic moves closer to commercial operations it may ramp up spending on spacecraft and other operations, which could be a good use of the cash to drive growth.</p>\n<p><b>Now what</b></p>\n<p>The sell-off this week seems to be a lot of \"sell the news\" after last weekend'sspace flight, which included Sir Richard Branson. With a volatile stock like Virgin Galactic that's not entirely surprising, and for long-term investors it could create a buying opportunity. If shares fall much further I'll be looking to add shares to my portfolio in what could be a revolutionary space tourism and travel company.</p>","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 Cratered Another 13% Wednesday</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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 Cratered Another 13% Wednesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 08:07 GMT+8 <a href=https://www.fool.com/investing/2021/07/14/why-virgin-galactic-stock-cratered-another-13-toda/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Points\n\nVirgin Galactic isn't necessarily selling $500 million in stock right now.\nThis sell-off is normal volatility for Virgin Galactic shares.\n\n\nWhat happened\nShares ofVirgin Galactic Holdings(...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/14/why-virgin-galactic-stock-cratered-another-13-toda/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"https://www.fool.com/investing/2021/07/14/why-virgin-galactic-stock-cratered-another-13-toda/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166344664","content_text":"Key Points\n\nVirgin Galactic isn't necessarily selling $500 million in stock right now.\nThis sell-off is normal volatility for Virgin Galactic shares.\n\n\nWhat happened\nShares ofVirgin Galactic Holdings(NYSE:SPCE)fell as much as 13.1% in trading on Wednesday, continuing a slide that'sbeaten down shares all week. Since the close of trading on Friday, shares are down 31.6% as I'm writing, trimming over $3 billion in value off the company.\nThe only announcement out from Virgin Galactic Wednesday was the scheduling of its second-quarter 2021 earnings announcement for Thursday, Aug. 5, after the market closes. But that's not what's moving thisgrowth stock Wednesday.\nSo what\nThe sell-off in Virgin Galactic shares began early this week after management filed to sell as much as $500 million in stock. The sale wasn't a block sale at a set price, but instead will be made \"from time to time\" through \"sales agents.\" In other words, the company may have sold a large chunk of stock earlier this week, or it may have sold nothing, sitting on the $630 million in cash it had on the balance sheet as of March 31.\nInvestors will likely get an update on the stock sale and cash position on the earnings call, not to mention what management plans to do with the cash. As Virgin Galactic moves closer to commercial operations it may ramp up spending on spacecraft and other operations, which could be a good use of the cash to drive growth.\nNow what\nThe sell-off this week seems to be a lot of \"sell the news\" after last weekend'sspace flight, which included Sir Richard Branson. With a volatile stock like Virgin Galactic that's not entirely surprising, and for long-term investors it could create a buying opportunity. If shares fall much further I'll be looking to add shares to my portfolio in what could be a revolutionary space tourism and travel company.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"tweetType":1,"viewCount":1173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144544969,"gmtCreate":1626307830851,"gmtModify":1633928082082,"author":{"id":"4089019345439580","authorId":"4089019345439580","name":"Chesttoro","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089019345439580","authorIdStr":"4089019345439580"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/144544969","repostId":"2151548988","repostType":4,"isVote":1,"tweetType":1,"viewCount":1131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":false}