In this case, the SPAC sponsors acquired Virgin Galactic. The next stage of the SPAC shuffle is to try to get the stock price over $10. In doing so, the hedge funds get to make a major score with their freebie warrants. After the hype wears off, retail investors get stuck owning the...
Virgin Galactic(NASDAQ:SPCE) stock skyrocketed higher (no pun intended) in late September after the analyst team over at Bank of America started coverage on SPCE stock at a Buy rating with a $35 price target — implying more than 100% upside potential from current levels. Source: Christopher ...
Let’s see what’s happening off and on the price chart of SPCE stock to determine if it’s an appropriate time for investors to suit up and climb aboard. Let me explain. Source: Tun Pichitanon / Shutterstock.com In today’s market environment, it seemingly doesn’t get any more risky...