Why Shares of Virgin Galactic Rocketed Higher in November

Lou Whiteman, The Motley Fool
·2-min read
Why Shares of Virgin Galactic Rocketed Higher in November

The news out of space tourism start-up Virgin Galactic Holdings (NYSE: SPCE) in November was mixed at best, but that didn't stop the stock from surging 52.8% for the month, according to data provided by S&P Global Market Intelligence. Investors here are focused on the big picture, not the near term, and success from one of Virgin Galactic's non-public rivals likely helped fuel the push higher. Virgin Galactic is a very young company, and investors got a reminder of that early in the month when the company reported a quarter in which it lost more than expected and booked no revenue.