Why Virgin Galactic Stock Jumped 7% This Morning, Then Dropped
On Sunday, Virgin Orbit put a rocket into orbit for its first time ever. The satellite launch company is not part of space tourism company Virgin Galactic (NYSE: SPCE). Still, presumably buoyed by the good news out of its sister company, Virgin Galactic stock took off this morning, rising more than 7%.
But about 15 minutes into the trading day, the stock began falling, and was bouncing around a 2% gain as of 10:45 a.m. EST on Tuesday.
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Source Fool.com
