Virgin Galactic ‘overdue’ for a correction, Morgan Stanley says after 310% rally in 3 months

www.cnbc.com/2020/02/20/virgin-galactic-stock-spce-overdue-for-correction-after-rally-morgan-stanley.html

Virgin Galactic’s stock has climbed 310% in the past three months, a rally that caught even bullish Morgan Stanley by surprise.

“A modest correction is overdue, and frankly, healthy, in our opinion,” Morgan Stanley said.

Virgin Galactic has become Wall Street’s favorite speculative play, with the stock surpassing even Apple and Tesla as the most popular among investors.