Why Shares of Virgin Galactic Are Falling Today

Shares of Virgin Galactic Holdings (NYSE: SPCE) fell nearly 10% on Wednesday morning after a Wall Street analyst downgraded the shares. Virgin Galactic stock has already doubled so far in 2021, and at least one analyst is concerned the stock is getting ahead of the business.

Virgin Galactic is giving investors a lot to get excited about. After a series of delays in 2020 the space tourism company appears to be back on track toward its goal of launching service, and bringing in revenue, in 2021.

Image source: Virgin Galactic.

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Source Fool.com