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Why Did Virgin Galactic Stock Just Flame Out?

The stock is down, but the future is looking brighter at Virgin Galactic.

By Travis Hoium – Aug 4, 2023 at 6:15AM EST

Second-quarter results have sent shares of Virgin Galactic (SPCE +2.50%) lower, but there's not a lot investors should be surprised about. In this video, Travis Hoium goes over the results and shows where investors should have their attention. 

*Stock prices used were end-of-day prices of Aug. 1, 2023. The video was published on Aug. 2, 2023.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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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. 

Stocks Mentioned

Virgin Galactic Stock Quote
Virgin Galactic
NYSE: SPCE
$2.46
(+2.50%)+$0.06

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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