What's Going On With Virgin Galactic Stock?

Virgin Galactic Holdings, Inc. SPCE shares are trading lower Wednesday. The stock has trended lower over the past several months.

What To Know: Virgin Galactic stock extended its losses Wednesday, adding to a 54.14% decline over the past three months.

Despite the downward trend, the company recently announced its fourth successful spaceflight in the past four months.

The Galactic 03 mission, which flew three of the company's first customers, also marked the completion of its second private astronaut flight.

Michael Colglazier, CEO of Virgin Galactic, said, "What a thrilling day for our three new private astronauts and the entire team at Virgin Galactic. It's an honor to see our ‘Galactic 03' crew realize their lifelong dreams of spaceflight as they inspire our manifest of Future Astronauts."

"Each successful flight shows how powerful and personally transformative space travel can be, and we look forward to scaling our operations and making space travel more accessible to people around the world."

Related Link: Why Unity Software Stock Is Falling Today

SPCE Price Action: Shares of SPCE fell 5.12% at $1.95 at the time of publication, according to Benzinga Pro.

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