Virgin Galactic Shares Come Back to Earth After Space Trip
- Stock has worst week ever after Branson’s splashy rocket ride
- Retail investor ownership indicates more volatility ahead
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Richard Branson’s rocket ride last weekend went off without a hitch, but the billionaire’s space tourism company has a ways to go to convince investors it’s more than a moonshot idea.
Shares of Virgin Galactic Holdings Inc. fell every trading day since the space trip, erasing all the gains since early June in the worst week ever for the stock. By Friday, it was down 39% for the five-day period.