Why Virgin Galactic Stock Sank Today
With technology stocks down more than 2% today, it's not surprising that shares of a pre-revenue high-growth company like Virgin Galactic (NYSE: SPCE) would also be down. But Virgin Galactic shares are significantly underperforming the market today. As of 2 p.m. EDT on Monday, shares were near the day's lows, down about 5%.
Privately held competitor Blue Origin stole the spotlight today by announcing that popular actor William Shatner of Star Trek fame will be going to space in real life on the next Blue Origin launch mission. True to form, Shatner provided a statement that would resonate with his fans, saying: "I've heard about space for a long time now. I'm taking the opportunity to see it for myself. What a miracle."
Source Fool.com
