Why Virgin Galactic Stock Popped Today

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Shares of space tourism company Virgin Galactic (NYSE: SPCE) are moving higher in Tuesday afternoon trading, up 4.7% as of 2 p.m. EST. It’s not, however, immediately apparent why these shares are rising.

So far as I can tell, the company hasn’t issued any press releases today (or tweets). On Wall Street, there’s a dearth of upgrades (or price-target increases either).

Virgin Galactic is not the same as Virgin Orbit, pictured here. Image source: Virgin Orbit.

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