Why Virgin Galactic Stock Fell Earthward Today

Virgin Galactic (NYSE: SPCE) sends its spacecraft to extremely lofty heights, but here on our planet, the company's stock obeyed gravity on Wednesday. The shares fell by almost 3%, a steeper decline than the S&P 500 index's 0.6% drop, despite news of a fresh executive appointment.

The newest member of Virgin Galactic's executive team is one of the company's pilots, Kelly Latimer. She has been named its director of flight test.

Image source: Getty Images.

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Source Fool.com