Why Virgin Galactic Stock Dropped on Monday

Shares of space tourism company Virgin Galactic (NYSE: SPCE) started off the week on a down note Monday, falling 5.5% through 10:20 a.m. EDT on the first trading day after Friday's announcement that the company will postpone its earnings report by about a week.

On Friday after close of trading for the day, Virgin Galactic announced that instead of reporting Q1 2021 earnings tomorrow (May 4), as it had intended, it will report on Monday, May 10, after close of trading.    

Image source: Getty Images.

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Source Fool.com