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Benzinga
Benzinga
Business
Melanie Schaffer

How To Trade Virgin Galactic's Stock Heading Into Q1 Earnings: Will Ticket Sales Boost Revenues?

Virgin Galactic Holdings, Inc (NYSE:SPCE) is set to print its first-quarter financial results after the market close. The stock was trading over 10% lower heading into the event and remains down over 85% from the Feb. 4, 2021 all-time high of $62.80.

After Richard Branson's space tourism company printed its first-quarter results on Feb. 22, the stock soared up about 30% over the following five trading days but has spent the months since trading mostly sideways between $6.70 and $11.25.

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