Chamath Palihapitiya, Chairman of Virgin Galactic sold 6.2M shares of the company’s stock at an average price of $34.32 is a series of transactions this week, according to a filing with the U.S. Securities & Exchange Commission. Following the transactions, Palihapitiya still has a stake in Virgin Galactic of 15,750,000 shares that he hold together with his investment partner Ian Osborne, the filing shows. In pre-market trading, Virgin Galactic shares are down $2.04, or 7%, to $28.26.
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