Why Virgin Galactic Stock Crashed Another 10% Today
What went up is coming back down again.
For the past month and a half, investors in space stock Virgin Galactic Holdings (NYSE: SPCE) have been treated to a wild ride. Since Morgan Stanley issued its controversial report in December, predicting that Virgin Galactic shares would triple in value over the course of a year, the stock made a valiant effort at doing just that -- rising from $7.26 a share to $19.72 as of Wednesday's close.
But then reality set in. Virgin Galactic stock slid 3% in Thursday trading, and then the slide accelerated -- closing out Friday trading down another 10%.
Source Fool.com
