Virgin Galactic (SPCE) Surges 21.6% as Retail Traders Spot Ticker Confusion with SpaceX

Virgin Galactic (SPCE-US) shares surged 21.6% on Thursday (June 11), according to market observers, as investors capitalized on the momentum from SpaceX's IPO, which raised $75 billion. The rally was also driven by short-covering as the company advances toward resuming commercial flights later this year following recent successful test flights. Interestingly, some retail traders attributed part of the gains to ticker code confusion, noting that SPCE bears a striking resemblance to SpaceX's expected ticker symbol, SPCX, potentially triggering accidental purchases. The stock closed at $5.73.
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