Buy the rumor, sell the news.
Virgin Galactic (SPCE -5.56%) completed a space flight and is moving closer to commercial launch, so why is the stock down? In this video, Travis Hoium goes through the recent run-up in the stock and what might be causing shares to sell off now.
*Stock prices used were end of day prices of May 27, 2023. The video was published on May 30, 2023.
Travis Hoium has positions in Virgin Galactic. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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