Virgin Galactic Holdings, Inc. (SPCE)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Virgin Galactic Holdings, Inc. (“Virgin Galactic” or the “Company”) (NASDAQ: SPCE). Investors who purchased Virgin Galactic securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Virgin Galactic and certain of its officers and/or directors have violated federal securities laws.
On September 9, 2022, Bernstein lowered its rating on Virgin Galactic to Underperform from Market Perform after the Company again extended its commercial service timeline, noting that “[f]light schedules have been delayed, much more work has been required on the mothership and early spaceships, more cash has been required, interest rates have risen, and the decline in the share price has lowered the value of share-based compensation.” On this news, Virgin Galactic’s stock price fell $0.28 per share, or 4.46%, to close at $6.00 per share on September 9, 2022.
If you are aware of any facts relating to this investigation or purchased Virgin Galactic shares, you can assist this investigation by contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.