LIBERATION DAY for Virgin Galactic SHORT SQUEEZE - SPCE Stock - Martyn Lucas Investor

LIBERATION DAY for Virgin Galactic SHORT SQUEEZE - SPCE Stock

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Virgin Galactic (NYSE:SPCE) shares snapped seven straight sessions of losses as the stock closed 0.66% higher, at $3.03 on Monday.

The British-American spaceflight company lost more than 29% in the last seven trading sessions. The stock has lost more than 50% so far this year, compared to an over 5% decline in the broader S&P 500 Index.

SPCE is down 22% over the past one month. The stock closed 7.38% lower, at $3.01 on Friday.

Virgin Galactic reported in February its fourth quarter loss per share of $2.53, beating estimates. Revenue came in at $0.43M, an 84.7% decline from last year.

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