Why Virgin Galactic Stock Tanked in October
Virgin Galactic Holdings (NYSE: SPCE) hasn't given investors much to cheer about in the months since it successfully flew founder Richard Branson into orbit. October was particularly bad for shareholders as the stock ended the month off by 25.9%, according to data provided by S&P Global Market Intelligence.
Technical delays and regulatory questions have plagued Virgin Galactic in the months since Branson's historic flight. But much of the October share price decline can be attributed to external factors -- among them, the success that a rival has had in stealing the spotlight.
Smiles have been hard to come by since Richard Branson's big flight. Image source: Virgin Galactic.
Source Fool.com