Virgin Galactic (SPCE) shares are falling in pre-market trading — and into Thursday's market open — after announcing plans for a 1-for-20 reverse stock split...
) shares are falling in pre-market trading — and into Thursday's market open — after announcing plans for a 1-for-20 reverse stock split. Yahoo Finance's Morning Brief team reports on the space tourism company 's stock movement as it seeks to bolster its stock price through this reverse split .The space tourism company , saying its board has approved a reverse stock split of one for 20 that's effective at 5 p.m. there you're taking a look at shares.
And of course, the goal is you bring some of these costs down if you do it frequently enough and you have reusable rockets. And that's what investors have really had to wrap their heads around with regard to a name like Virgin Galactic here, Um, and whether or not we're going to see, uh, a large amount of you know, con continued spend have to move forward at this juncture and how that would cut into, uh I mean, it's gonna cut into margins there.And then you compare that to the rise that we've seen the S and P of just about 13% so clearly a real under performer here.
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