Virgin Galactic (SPCE) has been a popular stock this past year, but it got a huge boost this past week, says Jay Soloff of Investors Alley.
SPCE jumped 20% on news that ARK Invest will be creating a new space ETF. ARK ETFs are quite heavily traded, so being added to any of the ETFs is generally a boon for the companies selected. SPCE is focused on commercial space flight and research and is certainly a speculative company to invest in. However, plenty of traders have loaded up on SPCE calls—which tends to be a bullish signal—especially after the ARK news.
Learn more about Jay Soloff at Investors Alley.
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