$Virgin Galactic(SPCE.US) fell about eight percentage points, dropping sharply. This kind of small-cap stock in space tourism, driven purely by milestones, is particularly vulnerable to sentiment when there are no launch or revenue catalysts; $Velo3D(VELO.US) and $Kratos Defense & Security(KTOS.US) also fell three to four percentage points, with the 3D printing and defense sectors pulling back as well.
These high-beta small-cap stocks in aerospace and defense, lacking catalysts and facing market risk aversion, are the type that get amplified when they fall. 😪
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