Why Virgin Galactic Stock Is Falling Today

Shares of Virgin Galactic Holdings (NYSE: SPCE) traded down more than 8% on Thursday morning following news that company founder Richard Branson has sold down part of his stake in the space tourism company.

Last month Virgin Galactic shares came under pressure after chairman Chamath Palihapitiya disclosed he sold about $213 million worth of the stock. Now, another big-name insider is trimming his holdings.

Image source: Virgin Galactic Holdings.

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Source Fool.com