Why Virgin Galactic Stock Is Falling Today

Why Virgin Galactic Stock Is Falling Today

It's a tough morning for momentum stocks, and Virgin Galactic Holdings (NYSE: SPCE) is not immune. Space tourism start-up Virgin Galactic has had an impressive run, with the stock up 160% over the past six months. Up until recently, the market has given Virgin Galactic the benefit of the doubt, intrigued by the potential of the business and willing to look past its sky-high valuation.