Shares of Virgin Galactic Holdings Inc. (NYS:SPCE) 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 (NASDAQ:COMP) falling 2.78% to 13,791.15 and Dow Jones Industrial Average (DOW:DJIA) 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. (NYS:LUV) fell 2.15% to $45.53, Delta Air Lines Inc. (NYS:DAL) fell 3.58% to $42.33, and Ryanair Holdings PLC ADR (NAS:RYAAY) fell 2.13% to $121.48. Trading volume (16.0 M) eclipsed its 50-day average volume of 14.9 M.