Why Virgin Galactic Stock Tanked Just Before Earnings

Rich Smith, The Motley Fool
·2-min read
Why Virgin Galactic Stock Tanked Just Before Earnings

Investors in space tourism pioneer Virgin Galactic (NYSE: SPCE) are not having a great day -- the stock was down by 8.3% as of 3:30 p.m. EST. Rather, it looks like Virgin Galactic shot itself in the foot. Thursday morning, with Virgin Galactic due to deliver its Q4 earnings (aka its Q4 losses) after the close of trading, it announced that Chief Financial Officer Jon Campagna is stepping down from his post.