Shares of Virgin Galactic Holdings Inc. SPCE, -2.24% slipped 2.24% to $11.78 Thursday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index COMP, -0.13% falling 0.13% to 15,080.86 and Dow Jones Industrial Average DJIA, -0.47% falling 0.47% to 36,236.47. This was the stock’s third consecutive day of losses. Virgin Galactic Holdings Inc. closed $51.02 below its 52-week high ($62.80), which the company reached on February 4th.
The stock underperformed when compared to some of its competitors Thursday, as Southwest Airlines Co. LUV, -0.23% fell 0.23% to $43.89, Delta Air Lines Inc. DAL, -0.42% fell 0.42% to $40.11, and Ryanair Holdings PLC ADR RYAAY, +1.22% rose 1.22% to $111.60. Trading volume (15.8 M) eclipsed its 50-day average volume of 10.8 M.