Why Virgin Galactic Stock Popped Then Dropped Today
Shares of Virgin Galactic Holdings (NYSE: SPCE), the space tourism stock brought public by Sir Richard Branson two years ago, jumped more than 5% initially this morning -- but sentiment soon changed.
As of 11:35 a.m. EDT, Virgin Galactic has given up all its gains of earlier in the morning, and is now down 2%. Why?
This successful rocket launcher is not named Virgin Galactic -- and that could be a problem. Image source: Virgin Orbit.
Source Fool.com
