Virgin Galactic Fell Today -- Is It a Buy?
Virgin Galactic Holdings' (NYSE: SPCE) dramatic fall from orbit in recent months picked up speed on Thursday, with the stock falling as much as 17% after the space tourism start-up announced plans to raise $500 million in new debt financing.
The stock is now down about 75% in just six months, and might be tempting for some bargain hunters. But investors should be cautious when considering Virgin Galactic shares even at these depressed levels.
Image source: Virgin Galactic.
Source Fool.com
