Bulletin
Investor Alert

Market Pulse Archives

May 11, 2020, 7:52 a.m. EDT

Virgin Group may sell up to 25 million of its Virgin Galactic shares to bolster travel business hit by COVID-19

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Ciara Linnane

SPX

Virgin Group's subsidiary Vieco 10 Ltd. said Monday it may sell up to 25 million of its shares of Virgin Galactic Holdings Inc. in an at-the-market offering. The company will use the proceeds to support its global leisure, holiday and travel businesses, that have been upended by the coronavirus pandemic and consumers comply with stay-at-home orders and other restrictions on movement. Virgin Galactic shares were down 6% premarket, but have gained 75% in the year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.34% has fallen 11%.

/zigman2/quotes/210599714/realtime
US : S&P US
3,197.52
+42.30 +1.34%
Volume: 2.63B
July 14, 2020 5:13p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.