DJ Virgin Galactic Holdings Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Virgin Galactic Holdings Inc. $(SPCE)$ plunged 12.17% to $0.75 Monday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 1.11% to 15,451.31 and the Dow Jones Industrial Average rising 0.67% to 38,239.98.
This was the stock's second consecutive day of losses.
Virgin Galactic Holdings Inc. closed $5.42 below its 52-week high ($6.17), which the company reached on June 21st.
The stock underperformed when compared to some of its competitors Monday, as RTX Corp. $(RTX)$ remained unchanged and Boeing Co. $(BA)$ rose 0.39% to $170.48.
Trading volume (52.2 M) eclipsed its 50-day average volume of 11.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 22, 2024.
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(END) Dow Jones Newswires
April 22, 2024 17:35 ET (21:35 GMT)
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