Virgin Galactic (NYSE: SPCE) stock falls on Wednesday after announcing an equity-backed debt redemption plan. Read the full Benzinga-style market breakdown.
Virgin Galactic Holdings Inc. (NYSE:SPCE) stock is facing volatility on Wednesday. The volatility follows a massive multi-day rally where the stock surged over 200% in late May.
The stock surged 204%, climbing from $2.47 on May 20 to a peak of $7.52 on Monday, before trending downward thereafter.
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On Wednesday, the stock fell in the premarket session and is trading higher at the time of publication.
Nasdaq futures are up 0.12% while S&P 500 futures have shed 0.20%.
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