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Why Virgin Galactic Stock Just Crashed

TheMotleyFool

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Virgin Galactic Holdings (NYSE: SPCE) rocketed 6.5% higher yesterday on news that NASA has awarded it one of two small contracts to assist on payload "flight and integration" services. This is good news, to be sure, for a company that has now gone two straight quarters without booking a single penny in revenue -- but already, Virgin Galactic stock is losing altitude.

As of 1:20 p.m. EST Wednesday, Virgin Galactic stock is down 3.5% -- and you can blame investment advisory firm Strategic Wealth Partners for that.

Image source: Getty Images.

Source Fool.com

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