Virgin Galactic Stock Jumps Again, Bucking Skeptics
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Virgin Galactic Holdings Inc. climbed as much as 8.2% to a record high, bucking calls from Morgan Stanley analyst Adam Jonas, who said the stock is overdue for a “modest correction.”
Jonas, who called for a breather in Virgin Galactic’s rally just two days ago, expects the stock surge will prompt questions on the company’s earnings call next week on whether it will raise capital.