Why Virgin Galactic Stock Keeps Dropping

Shares of space tourism pioneer Virgin Galactic (NYSE: SPCE) slipped lower for a third straight day on Monday, falling 3.2% as of 12:35 p.m. ET as investors seemed to conclude that what's good news for the industry in general may not necessarily be good news for Virgin Galactic in particular.

Sometimes, it's just good news for somebody else -- like Blue Origin.

Virgin Galactic's VSS Imagine is a pretty spaceplane -- but investors think it'd look prettier in space. Image source: Virgin Galactic.

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Source Fool.com