Why Virgin Galactic Stock Fell 35% in July
The month of July should have been a great one for investors in Virgin Galactic (NYSE: SPCE) stock -- and for a few glorious days, it was. Indeed, the first week of last month saw Virgin Galactic stock gain 14.5% in the run-up to Sir Richard Branson's historic first flight to space aboard Virgin's VSS Unity spaceplane.
And yet, no sooner had Sir Richard landed back on Earth -- indeed, the day before he even took flight -- the gains had already begun evaporating. By the time the month was done, Virgin Galactic stock had lost all its gains, and ended the month with a 34.8% loss.
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Source Fool.com
