Virgin Galactic stock rises 8.57% and outperforms competitors
Updated
Updated · MarketWatch · May 6
Virgin Galactic stock rises 8.57% and outperforms competitors
12 articles · Updated · MarketWatch · May 6
Shares closed at $2.66 on Wednesday as the Nasdaq gained 2.02% and the Dow rose 1.24%, ending Virgin Galactic's two-day losing streak.
Virgin Galactic beat aerospace peers including RTX, Boeing and Lockheed Martin, whose shares rose between 1.05% and 2.47% in the broader market rally.
Despite the gain, the stock remains 59.94% below its 52-week high of $6.64 reached on 16 May, while trading volume of 4.7 million stayed below its 50-day average.
After years of setbacks, can Virgin Galactic realistically meet its aggressive 2026 commercial flight timeline?
With a $750,000 ticket price, is the space tourism market large enough to fuel Virgin Galactic's ambitious goals?