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Why Virgin Galactic Stock Flopped Today

TheMotleyFool

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Virgin Galactic (NYSE: SPCE) shares fell earthward on Thursday, dropping by nearly 5% across the trading day. This was on the back of a string of analyst downgrades of the space-tourism company's stock following Q3 results that were unveiled at the beginning of the week.

Several analysts were quick to modify their views on Virgin Galactic stock after those results were published. The most significant change came from Cowen's Oliver Chen, who sliced his price target by $5 to $25 per share.

Image source: Getty Images.

Source Fool.com

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