Why Virgin Galactic Stock Slumped 5% Today
Shareholders of Virgin Galactic Holdings (NYSE: SPCE) had a good day on Monday, when reports that NASA had contracted with the company to recruit and train "private astronauts," before NASA flies them to the International Space Station (ISS), helped push Virgin Galactic shares up 16% in a single day of frenzied trading.
Today, however, the enthusiasm is fading, and Virgin Galactic stock is fading with it, down 5.5% on the day.
Image source: Virgin Galactic.
Source Fool.com
