Advertisement

Why Virgin Galactic Stock Just Crashed Again

Why Virgin Galactic Stock Just Crashed Again

It's Tuesday, and just like Monday, space tourism pioneer Virgin Galactic Holdings' (NYSE: SPCE) stock is down again -- falling 6.1% through 10 a.m. EDT. Last week, Virgin Galactic stock got rocked by news that the company's founder, Sir Richard Branson, sold off another big chunk of shares. Today, the threat is coming from outside the company, as Cathie Wood's ARK Invest funds announces the sale of two large blocs of Virgin Galactic stock that it owns, as well.