Shares of Virgin Galactic Holdings Inc. (NYS:SPCE) rose 4.93% to $9.16 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index (NASDAQ:COMP) rising 2.08% to 14,490.37 and the Dow Jones Industrial Average (DOW:DJIA) rising 0.86% to 35,768.06. This was the stock's second consecutive day of gains. Virgin Galactic Holdings Inc. closed $51.51 short of its 52-week high ($60.67), which the company reached on February 11th.
The stock outperformed some of its competitors Wednesday, as Southwest Airlines Co. (NYS:LUV) rose 2.06% to $47.02, Delta Air Lines Inc. (NYS:DAL) rose 2.98% to $43.88, and Ryanair Holdings PLC ADR (NAS:RYAAY) rose 1.08% to $122.00. Trading volume (11.1 M) remained 3.7 million below its 50-day average volume of 14.8 M.