Shares of Virgin Galactic Holdings Inc. /zigman2/quotes/208333884/composite SPCE -0.56% slid 4.63% to $8.44 Friday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index /zigman2/quotes/210598365/realtime COMP +0.62% falling 2.78% to 13,791.15 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.45% falling 1.43% to 34,738.06. This was the stock's second consecutive day of losses. Virgin Galactic Holdings Inc. closed $49.07 short of 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. /zigman2/quotes/201071949/composite LUV +0.46% fell 2.15% to $45.53, Delta Air Lines Inc. /zigman2/quotes/200327741/composite DAL +1.45% fell 3.58% to $42.33, and Ryanair Holdings PLC ADR /zigman2/quotes/204098489/composite RYAAY +0.88% fell 2.13% to $121.48. Trading volume (16.0 M) eclipsed its 50-day average volume of 14.9 M.