Sir Richard Branson sells $150 million in Virgin Galactic stock

CNBC Television published this video item, entitled “Sir Richard Branson sells $150 million in Virgin Galactic stock” – below is their description.

CNBC’s Morgan Brennan reports on the S&P Aero & Defense ETF, XAR, and why it’s making moves.

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About This Source - CNBC Television

CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

As of February 2015, CNBC is available to approximately 93,623,000 pay television households (80.4% of households with television) in the United States.

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In This Story: Richard Branson

Sir Richard Charles Nicholas Branson is an English business magnate, adventurer, investor, author, and commercial astronaut. In the 1970s he founded the Virgin Group, which today controls more than 400 companies in various fields. Branson expressed his desire to become an entrepreneur at a young age.

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In This Story: S&P

S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. One division of the business, S&P Global Ratings, is considered the largest of the Big Three credit-rating agencies, which also include Moody’s Investors Service and Fitch Ratings.

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