Sell Virgin Galactic’s stock after another long flight delay, UBS says

Shares of Virgin Galactic dove Monday toward a five-month low, aft UBS expert Myles Walton recommended investors sell, aft different “long pushout” of revenue-generating trial flights was announced conscionable weeks earlier of a ample chuck of shares becomes disposable for sale.

Walton downgraded the space-tourism institution to sell, aft being astatine neutral since July 5. He slashed his banal terms people by 42%, to $15 from $26. The caller people implied a further 24% downside from existent levels.

The...