Why Virgin Galactic Stock Just Dropped 7%
Amidst all the market turmoil we've experienced this week, this little tidbit of space news slipped right by me:
On Tuesday, investment banker Morgan Stanley -- the company that lit the fuse on Virgin Galactic (NYSE: SPCE) stock by positing a $22 valuation back in December -- quietly upped its estimate once again (to $30 a share, said TheFly.com).
Image source: Virgin Galactic.
Source Fool.com
