Advertisement
New Zealand markets close in 37 minutes
  • NZX 50

    12,294.52
    +2.49 (+0.02%)
     
  • NZD/USD

    0.6072
    -0.0011 (-0.18%)
     
  • NZD/EUR

    0.5551
    -0.0003 (-0.06%)
     
  • ALL ORDS

    8,283.20
    -20.30 (-0.24%)
     
  • ASX 200

    8,045.70
    -12.20 (-0.15%)
     
  • OIL

    83.35
    +0.50 (+0.60%)
     
  • GOLD

    2,470.10
    +10.20 (+0.41%)
     
  • NASDAQ

    19,799.14
    -599.48 (-2.94%)
     
  • FTSE

    8,187.46
    +22.56 (+0.28%)
     
  • Dow Jones

    41,198.08
    +243.60 (+0.59%)
     
  • DAX

    18,437.30
    -80.73 (-0.44%)
     
  • Hang Seng

    17,776.73
    +37.32 (+0.21%)
     
  • NIKKEI 225

    40,322.74
    -774.95 (-1.89%)
     
  • NZD/JPY

    94.9010
    -0.0250 (-0.03%)
     

Virgin Galactic’s Stock Split Gave Its Price a Boost. This Will Bring It Back to Earth.

Virgin Galactic’s Stock Split Gave Its Price a Boost. This Will Bring It Back to Earth.

The unprofitable space tourism company did a reverse stock split to boost the share price. But that won’t change its poor fundamentals.