5 Reddit Stocks that Flopped in 2021

4. Virgin Galactic Holdings, Inc. (NYSE:SPCE)

Number of Hedge Fund Holders: 16 

Year-to-Date Decline in Share Price: 29%

Virgin Galactic Holdings, Inc. (NYSE:SPCE) is an integrated aerospace firm based in New Mexico. The share price of the company has fallen amid repeated delays to space travel programs and the recent expiry of the lock-up period for the stock. 

In earnings results for the third quarter, Virgin Galactic Holdings, Inc. (NYSE:SPCE) missed market estimates on earnings per share by $0.04. The revenue over the period was $2.5 million, beating estimates by $0.8 million. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Virgin Galactic Holdings, Inc. (NYSE:SPCE) with 1.2 million shares worth more than $32 million.