Why Virgin Galactic Stock Is Falling Today
Shares of Virgin Galactic Holdings (NYSE: SPCE) rocketed higher on Friday after getting the green light from regulators to begin passenger flights. At least one analyst said that jump was too far too fast, causing the shares to retreat as much as 6% on Monday.
Virgin Galactic is behind schedule in its quest to begin passenger space flights, but the company is quickly making up ground. The company's testing regime is back on track, and Virgin Galactic now hopes to have founder Richard Branson on board for a flight as soon as next month.
Image source: Virgin Galactic.
Source Fool.com
