Why Virgin Galactic Stock Tumbled Today

·2-min read
Why Virgin Galactic Stock Tumbled Today

Shares of Virgin Galactic (NYSE: SPCE) stock tumbled 4.2% as of 9:50 a.m. EDT Monday morning. Just a few days earlier, rival space tourism pioneer Blue Origin scored a public relations coup by sending Star Trek star William Shatner to space aboard its New Shepard suborbital spaceship. As StreetInsider.com reports today, UBS has just downgraded Virgin Galactic stock to sell and cut its price target on the shares nearly in half, to $15.

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