Why Virgin Galactic Stock Gave Back 10% This Morning

There's no two ways about it: Virgin Galactic stock has had an incredible run.

Since Morgan Stanley announced its support for Virgin Galactic stock a little over a month ago, and described how a move from space tourism to point-to-point hypersonic jet travel could result in a $22 share price for Virgin, the stock has very nearly made that prediction come true. In just six short weeks, Virgin Galactic stock has nearly tripled from $7.26 a share to $19.72 as of yesterday's close.

But did Virgin rise too far, too fast?

Source Fool.com