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Why Virgin Galactic stock is surging today

By Senad Karaahmetovic Virgin Galactic (NYSE:SPCE) shares are moving sharply higher in pre-market Friday after the spaceflight company founded by Richard Branson said the planned...
Why Virgin Galactic stock is surging today © Reuters Why Virgin Galactic (SPCE) stock is surging today
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By Senad Karaahmetovic

Virgin Galactic (NYSE:SPCE) shares are moving sharply higher in pre-market Friday after the spaceflight company founded by Richard Branson said the planned upgrades of VMS Eve, its carrier mothership, are complete.

“The mothership is expected to enter ground tests next week before commencing flight tests to verify the enhancements to the ship. Commercial service remains on track to begin in Q2 2023,” the company said in a statement.

Moreover, Virgin Galactic announced organizational changes, aimed at supporting “the Company's core near-term objectives of delivering increased flight frequency and executing on rapid fleet development plans.”

Swami Iyer, President of Aerospace Systems, is leaving the company, effective immediately. He will continue to serve as an advisor to CEO Michael Colglazier.

"With the completion of the enhancement program for our mothership at hand, our streamlined leadership structure will help propel the business forward as we prepare for commercial spaceline operations," said Colglazier.

Virgin Galactic stock is up about 19% in pre-market Friday.

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07-12-2023 06:18:34 (UTC+7)

EUR/USD

1.0767

+0.0005 (+0.05%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (1)

EUR/USD

1.0767

+0.0005 (+0.05%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (1)

GBP/USD

1.2560

+0.0001 (+0.01%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (4)

Sell (2)

USD/JPY

147.29

-0.03 (-0.02%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (10)

Sell (0)

AUD/USD

0.6551

+0.0002 (+0.03%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (5)

USD/CAD

1.3592

+0.0001 (+0.01%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (5)

EUR/JPY

158.58

+0.02 (+0.01%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (0)

EUR/CHF

0.9415

-0.0002 (-0.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Gold Futures

2,043.20

-0.15 (-0.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

Silver Futures

24.245

+0.010 (+0.04%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (8)

Sell (1)

Copper Futures

3.7328

+0.0028 (+0.08%)

Summary

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Moving Avg:

Buy (9)

Sell (3)

Indicators:

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Sell (0)

Crude Oil WTI Futures

69.54

+0.29 (+0.42%)

Summary

↑ Buy

Moving Avg:

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Sell (0)

Indicators:

Buy (10)

Sell (0)

Brent Oil Futures

74.30

0.00 (0.00%)

Summary

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Moving Avg:

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Sell (3)

Indicators:

Buy (2)

Sell (3)

Natural Gas Futures

2.574

+0.007 (+0.27%)

Summary

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Moving Avg:

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Sell (2)

Indicators:

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Sell (0)

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175.85

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Summary

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Buy (9)

Sell (3)

Indicators:

Buy (10)

Sell (0)

Euro Stoxx 50

4,483.75

+30.98 (+0.70%)

Summary

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Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (6)

S&P 500

4,549.34

-17.84 (-0.39%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

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Sell (4)

DAX

16,656.44

+123.33 (+0.75%)

Summary

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Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (5)

FTSE 100

7,515.38

+25.54 (+0.34%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (5)

Hang Seng

16,474.00

+168.50 (+1.03%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (5)

Sell (1)

US Small Cap 2000

1,851.25

-4.79 (-0.26%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (7)

IBEX 35

10,258.10

+19.70 (+0.19%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (6)

BASF SE NA O.N.

44.440

+0.840 (+1.93%)

Summary

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Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

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32.39

+0.69 (+2.16%)

Summary

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Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (1)

Allianz SE VNA O.N.

240.95

+2.20 (+0.92%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (3)

Adidas AG

197.00

+1.72 (+0.88%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (7)

Deutsche Lufthansa AG

8.585

+0.266 (+3.20%)

Summary

Sell

Moving Avg:

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Sell (6)

Indicators:

Buy (0)

Sell (6)

Siemens AG Class N

160.92

+2.18 (+1.37%)

Summary

Neutral

Moving Avg:

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Sell (6)

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Deutsche Bank AG

11.670

+0.100 (+0.86%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (3)

    EUR/USD 1.0767 ↑ Buy  
    GBP/USD 1.2560 Neutral  
    USD/JPY 147.29 ↑ Buy  
    AUD/USD 0.6551 ↑ Sell  
    USD/CAD 1.3592 Sell  
    EUR/JPY 158.58 Buy  
    EUR/CHF 0.9415 ↑ Sell  
    Gold 2,043.20 ↑ Sell  
    Silver 24.245 Neutral  
    Copper 3.7328 ↑ Buy  
    Crude Oil WTI 69.54 ↑ Buy  
    Brent Oil 74.30 Neutral  
    Natural Gas 2.574 ↑ Buy  
    US Coffee C 175.85 ↑ Buy  
    Euro Stoxx 50 4,483.75 ↑ Sell  
    S&P 500 4,549.34 Sell  
    DAX 16,656.44 ↑ Sell  
    FTSE 100 7,515.38 ↑ Sell  
    Hang Seng 16,474.00 Buy  
    Small Cap 2000 1,851.25 ↑ Sell  
    IBEX 35 10,258.10 ↑ Sell  
    BASF 44.440 ↑ Buy  
    Bayer 32.39 ↑ Buy  
    Allianz 240.95 Buy  
    Adidas 197.00 ↑ Sell  
    Lufthansa 8.585 Sell  
    Siemens AG 160.92 Neutral  
    Deutsche Bank AG 11.670 Buy  
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RON 95-V23.68024.150
RON 95-III22.99023.440
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Ngoại tệMua vàoBán ra
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GBP29.775,3831.043,30
JPY160,24169,63
KRW15,9619,34
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