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Why Virgin Galactic Stock Dropped Today

TheMotleyFool

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Shares of Virgin Galactic (NYSE: SPCE) stock are down 3% in late morning trading Tuesday, at 11:45 a.m EDT.

There's no particular news of note driving the stock lower today, but there may be a residue of worry holding over from a report that The Wall Street Journal put out over the weekend, warning of short sellers' rising interest in shorting stocks of special purpose acquisition vehicles, and the stocks they have sponsored in IPOs -- stocks like Virgin Galactic.

Image source: Getty Images.

Source Fool.com

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