Why Virgin Galactic Stock Just Popped Again

Shares of Virgin Galactic Holdings (NYSE: SPCE) stock rocketed out of the gate Wednesday morning, rising more than 10% before quickly running out of gas. As of 10:35 a.m. EST, Virgin shares are still up, but only by 3%.

What turbocharged Virgin Galactic early on, and why is the stock flagging as the day drags on?

There's not a lot of news about Virgin on the wires today. In fact, the most significant announcement I've found actually appeared on the Twitter count belonging to Virgin Galactic subsidiary The Spaceship Company (officially known as "TSC, LLC" according to S&P Global Market Intelligence) yesterday.

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Source Fool.com