Why Virgin Galactic Stock Keeps Going Down

Things are not looking great for Virgin Galactic (SPCE -14.19%). Handing out shares like monopoly money Last night, the company announced (as required by NYSE Listing Rule 303A.08) that it awarded 1,741 Virgin Galactic "restricted stock units" (RSUs) to an unnamed "new non-executive employee." These free shares don't entirely vest for four years, incentivizing the employee not to quit before then. Since confirming its decision to run a 1-for-20 reverse share split last week (shrinking its share count by 20x ...