Why Virgin Galactic Stock Dropped 6% This Morning
Shares of space tourism pioneer Virgin Galactic (NYSE: SPCE) declined nearly 6% in early trading Tuesday before recovering to only about a 2.5% loss as of 11:30 a.m. EDT -- but if you're a long-term investor in the stock, I don't think there's a whole lot to worry about here. Sure, there was also no real news behind yesterday's rally in Virgin Galactic stock, which was in fact up 6% at one point on the back of an analyst's buy rating. Also true, that rally soon faded, and Virgin Galactic shares ended up joining the Nasdaq in the red, down 6% on the day.
