Virgin Galactic’s stock down 8%, on pace to snap five-day winning streak

Shares of Virgin Galactic Holdings Inc.
SPCE,
-8.65%
pulled back 8.7% Monday, putting the stock on pace to snap a five-day winning streak and its largest single-day percentage decline since Oct. 9, when it fell 8.9%. Virgin Galactic’s stock rocketed last week as the private spaceflight company’s Galactic 05 mission — the company’s sixth spaceflight in six months — reached space. Shares of Virgin Galactic have fallen 51.6% in 2023, compared with the S&P 500 index’s
SPX,
+0.18%
gain of 13.7%.