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Virgin Galactic Stock Bearish Momentum With A 2% Drop So Far On Friday

Via News Editorial Team

December 18, 2020

Virgin Galactic Stock Bearish Momentum With A 2% Drop So Far On Friday

Shares of Virgin Galactic fell 2.25% to $24.93 at 12:08 EST on Friday, following yesterday's downward trend. The New York Stock Exchange is falling 0.44% to $14,453.00, after three successive sessions in a row of gains. This seems, as yet, a somewhat rough trend exchanging session today.

Virgin Galactic's last close was $25.50, 70.44% below its 52-week high of $42.49.

News about Virgin Galactic today

Virgin Galactic drops as holders file to sell 113 million shares. According to today's article on Bloomberg Quint, "Virgin Galactic Holdings Inc. fell 4% in premarket trading Friday after shareholders filed to offer as much as 113 million of stock for sale.", "Last week, Virgin Galactic sank 17% after efforts to take tourists into space suffered a setback when a test flight was scrubbed shortly after takeoff because of a technical snag."

Virgin Galactic's Sales

Virgin Galactic's sales growth is 26.7% for the present quarter and 715.1% for the next. The company's growth estimates for the ongoing quarter is a negative 170.5% and positive 23.3% for the next.

Virgin Galactic's Stock Yearly Top and Bottom Value

Virgin Galactic's stock is valued at $24.93 at 12:08 EST, way below its 52-week high of $42.49 and way higher than its 52-week low of $9.06.

Virgin Galactic's Moving Average

Virgin Galactic's worth is higher than its 50-day moving average of $24.46 and way higher than its 200-day moving average of $20.11.