VORB - Virgin Orbit Stock Falls to Earth but Another Nasdaq Stock Nearly Doubles Tuesday
Stock markets managed to overcome pressure early Tuesday morning to move higher an hour into the trading day. Among stock market indexes, the Nasdaq Composite (NASDAQINDEX: ^IXIC) led the way upward, with gains of about half a percent as of 10:30 a.m. ET.
Unfortunately, not all stocks managed to participate in the rally. Virgin Orbit (NASDAQ: VORB) suffered significant declines after a mission didn't go as planned. However, another stock, Sotera Health (NASDAQ: SHC) , came close to doubling in value after the company resolved a major issue.
Shares of Virgin Orbit were down 16% on Tuesday morning. The company conducted a historic mission from its U.K. launch site, but it failed to achieve everything it set out to accomplish.
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Virgin Orbit Stock Falls to Earth, but Another Nasdaq Stock Nearly Doubles Tuesday