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Why Virgin Galactic Stock Dropped Today

TheMotleyFool

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Why Virgin Galactic Stock Dropped TodayPhoto, wide shot, wide-angle lens, Restaurant, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/6d1f34ee-79e7-4628-b30f-0a4597808d61.png

After spiking more than 12% Thursday on news that the Federal Aviation Administration (FAA) has cleared it to resume flying, space tourism company Virgin Galactic (NYSE: SPCE) gave back about half of its gains Friday, closing down 5.8%.

And that makes a lot of sense.

Image source: Getty Images.

Source Fool.com

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