: Virgin Galactic’s stock down 8%, on pace to snap five-day winning streak
Shares of Virgin Galactic Holdings Inc. SPCE pulled back 8.7% Monday, putting the stock on pace to snap a five-day winning streak and its largest single-day percentage decline since Oct. 9, when it fell 8.9%. Virgin Galactic’s stock rocketed last week as the private spaceflight company’s Galactic 05 mission — the company’s sixth spaceflight in six months — reached space. Shares of Virgin Galactic have fallen 51.6% in 2023, compared with the S&P 500 index’s SPX gain of 13.7%.
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