Why Virgin Galactic's stock is soaring



CNBC’s space reporter Michael Sheetz and FinTech reporter Kate Rooney break down why Virgin Galactic’s stock has taken off with the “Power Lunch” team.

Virgin Galactic’s rally began two months ago but trading in the speculative space company has recently accelerated in a way that tops even the momentum behind Tesla.

Shares of Virgin Galactic shot up 23.3% in trading Wednesday to close at a new record high of $37.35, its highest ever finish and the stock’s single best day of trading….

Leave a Reply

Your email address will not be published. Required fields are marked *