Why Virgin Galactic Stock Dropped Nearly 7% This Morning

Shares of Virgin Galactic (NYSE: SPCE) dropped 6.7% Monday, soon after the news broke that U.S. President Donald Trump and the first lady have both tested positive for COVID-19. In afternoon trading, the stock remains down about 3.2% as of 12:30 p.m. EDT -- and there's still no news about Virgin Galactic itself.

No downgrades from analysts. No press releases from the company. Honestly, about the closest thing I see to "news" on Virgin Galactic today is an advertisement for a non-destructive testing (NDT) supervisor on the company's Twitter account.

Virgin Galactic's space testing continues apace. Image source: Virgin Galactic.

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Source Fool.com