Shares of Virgin Galactic Holdings Inc. /zigman2/quotes/208333884/composite SPCE -2.50% shed 9.71% to $8.46 Thursday, 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 -1.19% falling 3.74% to 13,878.82 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.18% falling 1.45% to 35,111.16. This was the stock's second consecutive day of losses. Virgin Galactic Holdings Inc. closed $54.34 short of its 52-week high ($62.80), which the company reached on February 4th.
The stock underperformed when compared to some of its competitors Thursday, as Southwest Airlines Co. /zigman2/quotes/201071949/composite LUV -1.89% fell 1.92% to $43.44, Delta Air Lines Inc. /zigman2/quotes/200327741/composite DAL -1.60% fell 1.95% to $39.73, and Ryanair Holdings PLC ADR /zigman2/quotes/204098489/composite RYAAY -2.13% fell 0.81% to $117.07. Trading volume (18.2 M) eclipsed its 50-day average volume of 14.5 M.