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Virgin Galactic stock tumbles on Morgan Stanley downgrade

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Shares of Virgin Galactic Holdings Inc. tumbled 8.2% Wednesday after Morgan Stanley downgraded the stock to underweight.

The stock is on pace for its largest daily percentage decline since Nov. 8, when it fell 10.3%. Of 10 analysts surveyed by FactSet, two have a buy rating, four have a hold rating, and six have an underweight or sell rating for Virgin Galactic SPCE.

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