Why Virgin Galactic's Stock Is Trading Lower Today

Virgin Galactic Holdings SPCE shares are trading lower Wednesday after UBS downgraded the stock from Buy to Neutral.

Virgin Galactic Holdings is a U.S.-based aerospace company pioneering human spaceflight for private individuals and researchers, as well as a manufacturer of advanced air and space vehicles.

Virgin Galactic shares were trading down 6.33% at $53.13 at the time of publication. The stock has a 52-week high of $62.80 and a 52-week low of $9.06.