SPCE - What's Happening With Virgin Galactic Shares? | Benzinga
Virgin Galactic Holdings Inc (NYSE:SPCE) shares are trading lower by 4.5% to $0.88 during Tuesday's session amid recent, ongoing volatility. The company recently announced it is contemplating a reverse stock split, potentially at a ratio between 1-for-2 and 1-for-20, as disclosed in an SEC filing.
This proposal is set to be voted on at the company's upcoming annual meeting on June 12. SPCE shares have seen a significant decline of roughly 35% over the past month, reaching all-time lows.
Additionally, approximately 25% of available Virgin Galactic shares are currently being sold short. ...