• More traders than ever are betting against Virgin Galactic amid the stock's record surge

    1 month ago - By Business Insider

    In the last 30 days, Virgin Galactic stock shorted has increased by 3.4 million shares, a 25% jump, according to data from financial-analytics firm S3 Partners.
    The spike in short-selling comes amid a record run for the space tourism company - the stock has gained 223% for the year through Wednesday's close.
    Virgin Galactic short-sellers are down $440 million in mark-to-market losses this year, according to S3 data.
    Still, there's no sign that a "short squeeze" is coming, according to Ihor Dusaniwsky of S3 Partners.
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  • Virgin Galactic is 'overdue' for a correction after surging 223% in a few months, Morgan Stanley says

    Virgin Galactic is 'overdue' for a correction after surging 223% in a few months, Morgan Stanley says

    1 month ago - By Business Insider

    Virgin Galactic has been on a torrid rally that's sent the stock up 223% for the year through Wednesday's close.
    Shares jumped as much as 12% in early trading Thursday, the ninth straight day of gains.
    "A modest correction is overdue, and frankly, healthy in our opinion," Morgan Stanley analyst Adam Jonas wrote in a Thursday note.
    Morgan Stanley is bullish on the equity but has struggled to identify "significant thesis changing or accelerating events" since it initiated coverage in December, according to the note.
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