35.73 -1.53 (-4.11%)
Pre-Market: 8:51AM EST
|Bid||35.60 x 1100|
|Ask||35.60 x 2900|
|Day's Range||30.56 - 42.49|
|52 Week Range||6.90 - 42.49|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 24, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||19.00|
The huge surge in stocks like Tesla, Virgin Galactic and Stamps.com have brought back some trader memories of the heady days of the dot-com boom. But Robert Buckland, a global strategist at Citi, studied stock market distributions to show the market of now is not really that similar to that of the dot-com days.
One of Virgin Galactic's bulls sounded a note of caution Thursday. Morgan Stanley analyst Adam Jonas warned investors that stock in the space-start up might be due for a dip.
Chamath Palihapitaya holds the stake after the Palo Alto-based blank-check company he created helped Richard Branson take his New Mexico-based space tourism company public last fall.
Virgin Galactic dipped after the space tourism company's CEO spoke at a conference while a top analyst said a correction is overdue.
Shares of Virgin Galactic Holdings Inc. rallied 5.1% in active premarket trading Thursday, putting them on track for a ninth-straight gain. Trading volume was 3.8 million shares, compared with the full-day average of 18.8 million shares. The space passengers company's stock, which went public in October 2019, has rocketed 101.7% over the previous eight sessions through Wednesday, which included a 7-day streak of record closes. The current win streak is still behind the 10-session stretch of gains ended Jan. 22, in which the stock rose 73.6%. The stock's rally comes amid growing intrigue over recreational space flight, as SpaceX, the rocket company founded by Tesla Inc. Chief Executive Elon Musk, said earlier this week it wasworking with Space Adventures Inc. to launch up to four tourists into super-high orbit. Virgin Galactic's stock has run up 4-fold (up 310.4%) over the past three months through Wednesday, while the S&P 500 has gained 8.9%.
Public service announcement: If you’re an investing novice, you are setting yourself up for a painful lesson.
Space-related stocks like Virgin Galactic are blasting off. And ETFs can help you own a piece of space more safely if you know which approach to take.
"Short interest" is one of the most interesting pieces of stock data that you might pay little or no attention to. But this little metric of negative sentiment, while popular among traders, can be valuable even to buy-and-hold investors who never want to place a single bearish bet.If you believe a stock will rise, you buy it. Easy. But what if you're bearish on a company's prospects and want to profit off that belief? A popular technique is short selling: To sell a stock short, you borrow shares so you can immediately turn around and sell them. You wait for shares to fall in price, then buy them back and return those shares to the lender. Your profit is the difference between the price you sold and the price you bought back.But that gamble can go wrong - to the delight of bullish investors. Short sellers incur losses when the stock's price goes higher. Also, time is against you when you short a stock, because you pay interest when you borrow shares. If you want to exit your short trade, you have to buy back shares, which in turn drives the stock price higher. That might force other short sellers to cut their losses, leading to a virtuous cycle of buying called a "short squeeze."That's why short interest (how many shares are currently sold short to bet against a company) matters. There's no concrete level, but anything above 10% of the float, which is the number of shares available for public trading, is worth watching. If you're a conservative, buy-and-hold investor who hates volatility, you might want to avoid stocks with high short interest. If you're an aggressive investor, however, you might consider buying these stocks in the hope that a small bit of positive news will trigger a short squeeze, netting large returns in a short time.Here, we'll look at seven heavily shorted stocks to watch. These companies have short interest ranging anywhere from 14% to 96%, and many of them are the kinds of hot-moving growth stocks that are typical among short-selling targets. SEE ALSO: The 20 Best Stocks to Buy for 2020
Virgin Galactic stock is up about 200% year to date. That's even better than Tesla. The reasons, however, remain as mysterious as the stars.
Benzinga's PreMarket Prep airs every morning from 8-9:00 a.m. EST. During that fast-paced highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. After its IPO on Oct. 28, 2019, Virgin Galactic Holdings Inc (NYSE: SPCE) drifted lower and did not make its all-time low until Nov. 25 at $6.90.
Tesla’s (TSLA) stock price has doubled this year. Virgin Galactic’s (SPCE) stock price has nearly tripled in 2020. The world’s most profitable company, Apple (AAPL) withdraws its revenue guidance, and the technology-heavy Nasdaq Composite actually closes higher on the day.
Elon Musk’s plan to spin off his Starlink satellite project has serious problems, but the market is unlikely to care Continue reading...
Shares of Virgin Galactic Holdings Inc. shot up 11% in active premarket trading Tuesday, after a shareholder disclosed a relatively large stake in the spaceships builder. The stock is on track to set another record high at the open, and to stretch its win streak to seven sessions. The stock, which has run up 55% over the past six sessions, has closed at a record the past five sessions. Park West Asset Management LLC disclosed late Friday that it was the beneficial owner of 4.25 million shares of Virgin Galactic, or 2.1% of the shares outstanding, which would make Park West the seventh largest shareholder, according to FactSet data, up from a prior ranking as 13th. Virgin Galactic had said last week that its VSS Unity spaceship has completed its relocation to Spaceport America in New Mexico, which enables the company to engage in the final stages of its flight test program. The stock has tripled (up 200.9%) over the past three months through Friday, while the S&P 500 has gained 8.3%.
Friday marked a quiet day for the indices, but a loud day for earnings. That said, let's look at a few top stock trades as we head into the long holiday weekend. Top Stock Trades for Tuesday No. 1: Roku (ROKU) Click to Enlarge Source: Chart courtesy of StockCharts.comMan, did the trade in Roku (NASDAQ:ROKU) work out well or what? After better-than-expected earnings, Roku shares gapped up into $150 resistance and have since sold off. The stock has given up all of its post-earnings gains, and then some.As it declines now, it's running into the backside of prior downtrend resistance (blue line). If it holds, look for an eventual rebound back up to $150 -- although Friday's action is quite discouraging for the bulls.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBelow prior downtrend resistance puts the $117 to $122 area on watch, and if we get a dip into that zone, it may be an opportunity. Overall, this was a quality earnings report, and full-year guidance was solid. I would be a buyer on a dip to this level, although I acknowledge momentum has not been on Roku's side lately -- and that $100 to $110 could be on the table should this support level give way. Top Stock Trades for Tuesday No. 2: Canopy Growth (CGC) Click to Enlarge Source: Chart courtesy of StockCharts.comBetter-than-expected earnings didn't result in the same price action for Canopy Growth (NYSE:CGC). Instead, shares are rallying more than 15% at the moment, even though the chart looks rather "blah."However, don't let Friday's modest-looking candle fool you. CGC stock avoided breaking below critical $17.50 support, while reclaiming its 50-day and 100-day moving averages. Those marks, along with the recent February lows, are now critical support points on the chart. Below them, and $17.50 is back on the table.On the upside, let's see if CGC can again challenge the $25 level. Above puts the declining 200-day moving average on the table. Top Stock Trades for Tuesday No. 3: Virgin Galactic (SPCE) Click to Enlarge Source: Chart courtesy of StockCharts.comI flagged Virgin Galactic (NYSE:SPCE) back in late December when shares were looking to break out over $12. Now hitting $28 on Friday, this one has made a killer move to the upside.I have not wanted to fight this one, simply because these types of big moves are possible. Those who have missed out, but want to try a long in SPCE, may find some luck by waiting for a test-and-hold of the 10-day moving average. That's been support since the January breakout.Below puts short-term uptrend support (blue line) on the table, followed by $20 -- a key breakout mark earlier this month. Above Friday's high, though, and $30-plus is on the table. Top Stock Trades for Tuesday No. 4: Yeti (YETI) Click to Enlarge Source: Chart courtesy of StockCharts.comYeti (NYSE:YETI) stock is down 5% after disappointing earnings, as the breakout earlier this month failed to gain traction. We highlighted this setup, but emphasized that if shares broke below the breakout mark near $37, then traders need to cut ties with it and stop out.Now down to $32.50, that discipline is paying off. Aggressive bulls may consider Yeti stock a buy now. The 100-day moving average is buoying the share price, while uptrend support (blue line) has been in play for months now.A bounce puts the 50-day moving average back on the table, and a move above that puts $36 to $37 resistance on the table. Below the 100-day moving average and uptrend support, however, and the 200-day moving average is possible.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ROKU. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Exciting Stocks to Buy for Aggressive Investors * 20 Stocks to Buy From the Law of Accelerating Returns * 7 U.S. Stocks to Buy on Coronavirus Weakness The post 4 Top Stock Trades for Tuesday:Â ROKU, CGC, SPCE, YETI appeared first on InvestorPlace.
Virgin Galactic Holdings, Inc. (NYSE: SPCE) ("Virgin Galactic" or "the Company"), a vertically integrated aerospace company, has successfully completed another vital step on its path to commercial service, relocating SpaceShipTwo, VSS Unity, to its commercial headquarters at Spaceport America’s Gateway to Space building.
Among top stocks to buy and watch, the IBD Live Team focused on Virgin Galactic stock for a potential speculative swing trade on IBD Live Tuesday.
Tim Manning, Managing Director, Special Situations at Cowen Inc. Cowen Inc. is far and away the leader in secondary-market trading of SPAC shares, giving it a unique window into the so-called de-SPAC process. That is a critical advantage to both investors and sponsors alike, according to Tim Manning, Managing Director in the Special Situations Group […]
A SpaceX IPO of its space-based internet business could be in the works as the service will go live in a limited fashion this summer.
The taxpayer-funded development had a $33 million direct economic impact in fiscal year 2019, according to a newly released report.
Chris Weekes, Tim Manning, and Zach Fisher of Cowen Inc. By John Jannarone Not long ago, the special-purpose acquisition company, or SPAC, was a fledgling vehicle considered a second-rate path to the public markets. But in the last several years, issuance of SPAC IPOs has exploded, rivaling major asset classes and accounting for a quarter […]
Coronavirus, shmoronavirus. The market just doesn't care, with the S&P 500 hitting another new all-time high on Wednesday. That said, let's look at a few top stock trades for Thursday. Top Stock Trades for Tomorrow No. 1: Boeing (BA)Source: Chart courtesy of StockCharts.comBoeing (NYSE:BA) shares remain under pressure, as its 737 MAX woes continue to weigh on investor sentiment. Now though, the stock is breaking through critical range support.Over the past 18 months, only the market-wide, fourth-quarter meltdown was enough to take BA stock below $320 range support. For the past year, any negative 737 MAX news was met by buyers near this mark -- until now.InvestorPlace - Stock Market News, Stock Advice & Trading Tips$320 support gave way this week, and now BA is knifing through its 150-week moving average. For many, BA is a no-touch. That is, until it reclaims $320 range support, or gets to a lower price. In the event of more downside, let's see if BA revisits the 2018 Q4 lows between $285 and $290. * 10 Stocks to Buy as the 2020 Presidential Election Approaches Below puts the 200-week moving average near $265 on the table. Top Stock Trades for Tomorrow No. 2: Aphria (APHA)Source: Chart courtesy of StockCharts.comAphria (NYSE:APHA) stock was one of two cannabis plays that I liked coming into 2020, along with Canopy Growth (NYSE:CGC). APHA is moving nicely on the day, up nearly 8%.The stock is hitting its highest level since it closed at $5.50 on Dec. 13, as it breaks out over that same price and continues to gain after pushing through downtrend resistance (purple line).Bulls would love to see APHA power through the 200-day moving average, although it may very well act as resistance on its first test.If Aphria shares pullback, bulls need to look for two areas of support. The first is $5.50, which had been resistance for months, while the second is the 50-day moving average and uptrend support (blue line). Below, and $4.50 is back on the table. Top Stock Trades for Tomorrow No. 3: JD.com (JD)Source: Chart courtesy of StockCharts.comAbove is a multi-year, weekly chart of JD.com (NASDAQ:JD), which shows the impressive bullish volume in the stock over the past few quarters. The stock hammered out a nice bottom near $20 in late 2018, and has been working higher ever since.For most of 2019, JD.com was setting up in a beautiful long-term ascending triangle. That's where rising uptrend support (blue line) squeezes a stock against a static level of resistance. The latter came into play near $32 and the 200-week moving average.Bulls got what they were looking for in the form of a big-time breakout. JD has since reclaimed $36, and continues to rise. If it can maintain this week's gain, investors are looking at a bullish, engulfing candle -- suggesting more upside could be in store. * 7 Energy ETFs to Buy for a Rebound in 2020 Over $42, and the $44 to $46 range is on the table. Historically, JD.com has struggled above this area. Above it, and $50 is possible. Below $39, and perhaps we can get a test of $36. Should the market really unravel, I'd love to scoop JD up at $32. Top Stock Trades for Tomorrow No. 4: Virgin Galactic (SPCE)Source: Chart courtesy of StockCharts.comYou want to talk about volume, though? Just check out the profile on Virgin Galactic (NYSE:SPCE). This stock continues to erupt higher and higher, leaving the stratosphere.We flagged the stock on its breakout over $12, paving the way to some tremendous gains, although I have been more cautious on the name north of $15. Like I said then, there could certainly be more upside, but no way can we be buyers here near $20 when SPCE was at $11 just a few days ago.Maybe we can buy a pullback, if there are signs that bulls still have momentum. Otherwise, we could see this one blow its top off and then fizzle.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long APHA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy as the 2020 Presidential Election Approaches * 5 Dividend Stocks With Low Payout Ratios and High Yields * 4 Post-Holiday Retail Stocks Still Worth a Look The post 4 Top Stock Trades for Thursday: BA, APHA, JD, SPCE appeared first on InvestorPlace.
The IBD Live Team analyzes Virgin Galactic, a stock with strong technical chart action but no earnings or revenue. When a stock's storyline is a substitute for true fundamentals, the trade becomes a speculative trade.