CNBC Television published this video item, entitled “Jim Cramer on Virgin Galactic, Amazon-MGM antitrust concerns and Starlink satellites” – below is their description.
Virgin Galactic’s stock dropped 3% in premarket trading, after Bank of America Securities double-downgraded the stock to “underperform” from “buy.” BofA notes the recent spike in the stock after the company received approval to carry passengers into space, and said the premium earned by Virgin Galactic’s leading position is already reflected in the stock price. CNBC’s Jim Cramer, Carl Quintanilla and David Faber discuss.CNBC Television YouTube Channel
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