Virgin Galactic shares slip 5.64% in weak trading session
Updated
Updated · MarketWatch · May 7
Virgin Galactic shares slip 5.64% in weak trading session
12 articles · Updated · MarketWatch · May 7
The stock closed at $2.51 on Thursday as the Nasdaq fell 0.13% and the Dow dropped 0.63%.
Virgin Galactic ended 62.2% below its 52-week high of $6.64 reached on 16 May, and lagged RTX and Boeing, while Lockheed Martin also declined.
Trading volume was 4.7 million shares, about 1.6 million below its 50-day average of 6.3 million, indicating lighter-than-usual activity during the sell-off.
Why is Virgin Galactic's stock falling when its market is projected to grow by over 4000%?
Can Virgin Galactic's new $750,000 tickets fund its future before the company runs out of cash?