Why Virgin Galactic Stock Lost Altitude This Week
Virgin Galactic Holdings (NYSE: SPCE) is in a tough industry. It is, literally, rocket science.
This week, company investors got a reminder of how the complexity can benefit, and hurt, Virgin Galactic, and the stock rocketed up and down as a result. Shares closed out the week down 4.6%, according to data provided by S&P Global Market Intelligence, and could have trouble getting airborne from here.
Virgin Galactic is in the business of shuttling tourists into space. The company is finally flying commercial missions after years of delay but has not scaled up to a point where it is anything close to profitable. Meanwhile, rivals with their own competing services have gained ground.
Source Fool.com
