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Why Virgin Galactic Stock Just Crashed 16.5%

TheMotleyFool

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Why Virgin Galactic Stock Just Crashed 16.5%: https://g.foolcdn.com/editorial/images/773534/sir-richard-branson-and-crew-after-landing-from-virgin-galactics-test-flight-july-11.jpg

Virgin Galactic (NYSE: SPCE) stock tumbled 16.5% through 10:40 a.m. ET Friday morning on what should have been ho-hum news. This morning, the company filed its regularly scheduled "notice of annual meeting of stockholders" (to be held on June 12). On the agenda: electing directors, approving an auditor, and setting executive salaries.

Oh, and one more thing.

Virgin Galactic will propose a reverse stock split.

Source Fool.com

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