# Report: Meme Stocks, SPCE the Focus

Live Trading News is an independent financial media publication. Masthead: Live Trading News. Parent: Knightsbridge Group. Product cousin: KXCO (kxco.ai). Coverage: markets, policy, AI, quantum, blockchain, FX, biotech, ASEAN. New stories are signed ML-DSA-65 and anchored on Armature L1; articles published before the platform launch are not signed. Nothing on the site is investment advice.

Canonical HTML: https://www.livetradingnews.com/report-meme-stocks-spce-the-focus
Last modified: 2021-07-13

---

By Paul Ebeling · 2021-07-13
Tags: Shayne Heffernan on Investments, stocks, movies, space, AMC, Education, virgin, 2021, meme
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#meme #stocks

$SPCE $AMC

Richard Branson’s trip to space on the Virgin Galactic Holdings Inc. ([NASDAQ:SPCE](NASDAQ:SPCE)) VSS Unity did not boost the company’s share price Monday. The company announced in the morning that it has struck a distribution agreement with 3 firms for the sale of up to $500-M in an “*at-the-market*” offering. 

Last month, Virgin Galactic completed a shelf registration of $1-B in stock. The other $500-M worth of registered shares are still available, should the company decide to offer them for sale.

Virgin Galactic stock traded down 17.30% to 40.69 in a 52-wk range of 14.27 - 62.80. The average daily trading volume is 34-M/ shares. More than 134-M traded at last look.

With the exception of Virgin Galactic, stocks related to space tourism and exploration have had, at best, a so-so yr so far. Cathie Wood’s Space Exploration and Innovation ETF has done no better than a gain of less than 2% since its launch in March. Virgin Galactic is not included among the 39 holdings in the fund.

AMC Entertainment Holdings Inc. ([NYSE:AMC](NYSE:AMC)) touted its attendance numbers Monday morning, revealing that about 3.2-M people globally went to the movies over the weekend. As a whole, the theater industry posted its first $100-M + domestic box office take since early last yr. More than 2.5-M people saw a movie at an AMC theater at the weekend. But that did not impress investors. 

AMC stock traded down about 7,7% to 42.61 Monday. The stock’s 52-wk trading range is 1.91 - 72.62, and the average daily trading volume is 162-M/shares. About 60-M/shares traded Monday.

Have a prosperous day, Keep the Faith!

---

This Markdown mirrors https://www.livetradingnews.com/report-meme-stocks-spce-the-focus. The HTML page is canonical.
Site index for AI clients: https://www.livetradingnews.com/llms.txt