Wall Street’s newest cult stock appears to be Richard Branson’s Virgin Galactic Holdings Inc , as investors drive the space tourism stock to sky-high levels and short sellers dig in their heels. Virgin Galactic jumped 15% on Wednesday, adding to a rally that has seen the money-losing company surge over 300% since early December. “I’m calling it Tesla Junior because it’s showing all the signs of becoming a cult stock on the long and on the short side,” said Ihor Dusaniwsky, a managing director at S3 Partners, a financial analytics firm. …read more
Source:: Yahoo Finance
