You’ve got to hand it to space company Virgin Galactic (NYSE:SPCE): It’s certainly got momentum on its side.
For the past six trading days, Virgin Galactic stock has gone nowhere but up, tacking on a total of 44.6 percentage points worth of gains, including today’s 13.2% rise through noonday trading.
The question is: Why?
Is there a reason for investors to be thinking Virgin Galactic stock is worth nearly 50% more today than it was six days ago?
This morning, in a series of tweets, Virgin Galactic announced that its carrier mothership, VMS Eve, has touched down at Spaceport America in New Mexico with its SpaceShipTwo (SS2) rocket ship Unity attached to