Four investors discuss their favorite Morgan Housel articles featuring some particularly timely investing themes. Read More...
Motley Fool
Why Virgin Galactic Stock Just Popped
On Wednesday, shares of Virgin Galactic (NYSE: SPCE) appeared to take a punch when analysts at investment bank Bernstein cut their price target on the space tourism pioneer by more than half — from $22 all the way down to $10. Instead of going down, however, Virgin Galactic shares are headed higher this afternoon, and were up 5.4% as of 1:05 p.m. ET. Well, despite cutting its price target so steeply, Bernstein didn’t actually downgrade Virgin Galactic stock, leaving it rated market perform, the equivalent of a neutral rating.
