Shares of Virgin Galactic Holdings Inc. SPCE, -6.77% slipped 6.77% to $8.40 Friday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index COMP, -1.23% falling 1.23% to 13,548.07 and Dow Jones Industrial Average DJIA, -0.68% falling 0.68% to 34,079.18. This was the stock’s third consecutive day of losses. Virgin Galactic Holdings Inc. closed $49.11 below its 52-week high ($57.51), which the company reached on June 28th.
The stock underperformed when compared to some of its competitors Friday, as Southwest Airlines Co. LUV, -0.86% fell 0.86% to $45.98, Delta Air Lines Inc. DAL, -1.09% fell 1.09% to $42.84, and Ryanair Holdings PLC ADR RYAAY, -0.54% fell 0.54% to $107.90. Trading volume (26.0 M) eclipsed its 50-day average volume of 19.7 M.