Should you invest in Virgin Galactic as UBS downgrades to sell amid test-flight delays?

On Monday, Virgin Galactic Holdings Inc. (NYSE:SPCE) shares fell 1.50% after receiving a downgrade from UBS. The firm lowered its recommendation to sell from neutral, citing delays in a scheduled Unity 23 test-flight. Analyst Myles Walton also thinks the upcoming lock-up expiry of about 32% of the company’s floated shares could add pressure on the […]