Why Virgin Galactic Stock Popped -- Then Dropped Today

Why Virgin Galactic Stock Popped -- Then Dropped Today

What news is driving Virgin Galactic stock today, and why can't investors make up their minds whether it's good news or bad? Here's the thing: Investors have been waiting for months to see Virgin Galactic wrap up its flight-test schedule, move ahead to letting its founder and CEO take a test flight up to space and back, and then open its space-tourism flights to the general public -- at which point, Virgin Galactic can begin collecting revenue and maybe even make a profit. Last week, the company announced back-to-back successful test flights, and that probably ginned up some enthusiasm among investors.