Virgin Galactic rebounds after hitting 52-week low

Dec. 30, 2021 8:20 AM ETVirgin Galactic Holdings, Inc. (SPCE)By: Chris Ciaccia, SA News Editor12 Comments

Virgin Galactic"s SpaceShipTwo, First Commercial Spacecraft, Unveiled In CA

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  • Virgin Galactic (NYSE:SPCE) shares are trying to rebound on Thursday, ticking up 0.3% to $13.08 after it touched a 52-week low on Wednesday.
  • Co-founded by Sir Richard Branson, Virgin Galactic (SPCE) has seen some hiccups in recent months, which have weighed on shares, including an investigation - which it was later cleared of - as well as continued setbacks on its commercial flight operations, most recently telling the public in October that it was pushing back the start of its commercial space tourism to the end of 2022.
  • Over the past six months, Virgin Galactic (SPCE) has shed more than 70% of its value, after touching $52.69 on July 8, just days prior to Branson's trip to the edge of space.
  • Last month, Branson disclosed he sold another $300 million of Virgin Galactic (SPCE) stock. The company recently expanded its priority list for prospective space fliers by offering the chance to secure a spot on a flight for a $10,000 deposit.

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