“Virgin Galactic stock surges 30% after announcing plan for cost savings”
November 9, 2023
“Virgin Galactic plans to pause spaceflight operations next year to focus resources on developing its next-generation Delta-class spacecraft, the company announced Wednesday.
Shares of Virgin Galactic surged as much as 30% in heavy trading volume on Thursday from its previous close at $1.56 a share. As of Wednesday the stock had fallen 55% year to date…”
https://www.cnbc.com/2023/11/08/virgin-galactic-spce-q3-earnings-report.html