Virgin Galactic (SPCE.US) stocks experience increased volatility during today's session. Shares rose more than 10 % in premarket after the space travel company conducted its first fully crewed flight on Sunday, sending Richard Branson into space. According to The Wall Street Journal, the company has collected $80 million in deposits from sale of tickets for a space ride. Each ticket costs between $ 200,000 and $ 250,000, according to various reports. Company plans to start commercial service in early 2022.
However, the stock price fell 14% in the afternoon on news that the company informed the SEC of plans to sell off $500 million worth of new stocks. Trading in Virgin Galactic was briefly halted due to volatility.
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Virgin Galactic (SPCE.US) stock fell sharply after the US open and price broke below the lower limit of the triangle formation. Currently the price is testing a major support zone around $41.95 which is marked with a lower limit of the 1:1 structure and 200 SMA (red line). Source: xStation5
