Shares of Alaska Air Group Inc. ALK, -1.28% slid 1.28% to $40.16 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.42% rising 0.42% to 4,774.75 and the Dow Jones Industrial Average DJIA, +0.43% rising 0.43% to 37,545.33.
The stock’s fall snapped a two-day winning streak.
Alaska Air Group Inc. closed $17.02 below its 52-week high ($57.18), which the company achieved on July 13th.
The stock underperformed when compared to some of its competitors Tuesday, as Southwest Airlines Co. LUV, -1.19% fell 1.19% to $29.15, Delta Air Lines Inc. DAL, -0.90% fell 0.90% to $40.76, and United Airlines Holdings Inc. UAL, -1.10% fell 1.10% to $42.08.
Trading volume (2.7 M) remained 1.3 million below its 50-day average volume of 4.0 M.