Virgin Galactic Holdings Inc. stock falls Friday, underperforms market
Shares of Virgin Galactic Holdings Inc. SPCE, slumped 0.88% to $35.10 Friday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP, rising 0.35% to 14,069.42 and the Dow Jones Industrial Average DJIA, rising 0.04% to 34,479.60. Virgin Galactic Holdings Inc. closed $27.70 below its 52-week high ($62.80), which the company achieved on February 4th.
The stock underperformed when compared to some of its competitors Friday, as Southwest Airlines Co. LUV, rose 0.12% to $57.57, Delta Air Lines Inc. DAL, rose 0.48% to $46.50, and Ryanair Holdings PLC ADR RYAAY, rose 0.72% to $113.68. Trading volume (13.9 M) remained 8.2 million below its 50-day average volume of 22.1 M.
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