Why Virgin Galactic Stock Tumbled Another 6% This Morning
After getting only a 2.5% bump Monday on the back of a positive analyst note from Cowen & Co., shares of space tourism pioneer Virgin Galactic Holdings (NYSE: SPCE) are now entering into their second straight day of declines. On Tuesday, Virgin gave up all the modest gains it had earned in Monday trading (and even a bit more). Today, the stock shed 6% more in early trading, before recovering somewhat in the afternoon.
As of 1:55 p.m. EDT on Wednesday, Virgin Galactic shares were down about 2.5%.
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Source Fool.com
