Virgin Galactic Holdings Inc (SPCE) Price

The P/E ratio of Virgin Galactic Holdings Inc is N/A

Mr. Michael Colglazier is the President of Virgin Galactic Holdings Inc, joining the firm since 2020.

The current price of SPCE is 3.31, it has increased 0.63% in the last trading day.

Virgin Galactic Holdings Inc belongs to Aerospace & Defense industry and the sector is Industrials

Virgin Galactic Holdings Inc's current market cap is $190.6

According to wall street analysts, 9 analysts have made analyst ratings for Virgin Galactic Holdings Inc, including 1 strong buy, 1 buy, 6 hold, 3 sell, and 1 strong sell

Looks like SPCE is trying to go to the moon without a rocket today, anon. The stock is seeing a pop driven by a massive surge in bullish call options and relief from a recently settled investor lawsuit. While the price is up around 1.53%[^0^], it's bumping its head against technical resistance, so don't ape in just yet.

The move today isn't based on any new company announcements[^0^], but rather a mix of technical positioning and a shift in market sentiment. Here's the alpha:

• Options Degens Are Bullish: The biggest signal is the "unusually large options trading activity." Traders bought 61,289 call options, a 233% spike compared to the average daily volume[^1^]. This is a significant bet by the market that the price will continue to rise in the short term. The action seems centered around strikes like the $3.50 call for September 19th[^3^].

• Lawsuit Drama is Over: Virgin Galactic recently agreed to settle a lawsuit from investors who claimed the company hid safety issues[^8^][^12^]. On top of that, the FAA closed its investigation and cleared SPCE for future flights[^13^]. This removes a major cloud of uncertainty that was hanging over the stock, giving bulls a reason to step in.

• The Technical Picture:

  • Price Action: SPCE is currently trading at $3.31, up 1.53% for the day[^0^].
  • Key Levels: The stock is stuck between a rock and a hard place. The nearest major daily resistance is at $3.56[^0^]. This is the key level to watch. A decisive break above it could signal more upside. Support sits way down at $2.18[^0^].
  • Indicators: On the hourly chart, the RSI is a neutral 55.84, meaning it's not overbought yet[^0^]. However, the MACD is showing signs of weakening momentum, suggesting this pop might be losing steam[^0^]. The overall daily technical signal is "neutral" with a weak trend (ADX at 17.3)[^0^].

• Wall Street vs. Institutions: While analysts are mostly lukewarm with a "Sell" or "Hold" consensus and a median price target right at the current price ($3.315)[^0^], some "smart money" is moving differently. Institutional investors like Federated Hermes Inc. significantly increased their stake recently[^11^], which is a positive sign.

So, while the options market is throwing a party, the stock is at a technical crossroads. Watch that $3.56 resistance level like a hawk. A rejection there could be a nasty rugpull for anyone who FOMO'd in late.