Why Virgin Galactic's Stock Rally Just Ended

Rich Smith, The Motley Fool
·2-min read
Why Virgin Galactic's Stock Rally Just Ended

New cases of coronavirus infections in New Mexico -- which had been falling steadily in the week preceding Thanksgiving Day -- abruptly reversed course one day after the holiday. On Nov. 27, New Mexico reported 2,076 new cases of COVID-19, a 21.5% jump from the day before, and new cases continued inching up through Saturday. Virgin Galactic Holdings (NYSE: SPCE) stock is down 2.2% in 11:30 a.m. EST trading on the news.