SPCE Stock – Virgin Galactic Holdings Inc. stock falls Monday, underperforms market
Shares of Virgin Galactic Holdings Inc.
shed 3.74% to $29.60 Monday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index
rising 1.67% to 13,705.59 and the Dow Jones Industrial Average
rising 1.13% to 33,527.19. The stock’s fall snapped a three-day winning streak. Virgin Galactic Holdings Inc. closed $33.20 below its 52-week high ($62.80), which the company achieved on February 4th.
The stock underperformed when compared to some of its competitors Monday, as Southwest Airlines Co.
rose 2.72% to $62.97, Delta Air Lines Inc.
rose 2.91% to $50.25, and Ryanair Holdings PLC ADR
fell 0.64% to $115.00. Trading volume (10.2 M) remained 8.9 million below its 50-day average volume of 19.0 M.