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

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

Virgin Galactic’s spacecraft Unity flies to its new home in at Spaceport America in New Mexico on Feb. 13, 2020.

Virgin Galactic

Virgin Galactic‘s monster stock rally in the past few months has taken even bullish Morgan Stanley by surprise, with shares of the company nearing $40.

“A modest correction is overdue, and frankly, healthy, in our opinion,” Morgan Stanley analyst Adam Jonas…

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