Why Virgin Galactic Stock Cratered Another 13% Today

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Shares of Virgin Galactic Holdings (NYSE: SPCE) fell as much as 13.1% in trading on Wednesday, continuing a slide that's beaten down shares all week. The only announcement out from Virgin Galactic today was the scheduling of its second-quarter 2021 earnings announcement for Thursday, Aug. 5, after the market closes. The sell-off in Virgin Galactic shares began early this week after management filed to sell as much as $500 million in stock.



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