What's Going On With Virgin Galactic Holdings Stock?

Virgin Galactic Holdings, Inc. SPCE shares are trading lower Thursday. The stock has trended lower since it reported second-quarter earnings in early August.

What To Know: On Aug. 1, the company reported quarterly losses of 46 cents per share which beat the analyst consensus estimate of losses of 51 cents, a 6.98% decrease over losses of 43 cents per share from the same period last year. The company reported quarterly sales of $1.87 million which beat the analyst consensus estimate of $1.26 million, a 424.09% increase over sales of $357,000 the same period last year.

Virgin Galactic stock is down nearly 30% since reporting.

Related Link: What's Going On With Disney Stock Today?

SPCE Price Action: Shares of SPCE were down 6.70% at $2.58 at the time of publication, according to Benzinga Pro.

Image by WikiImages from Pixabay