Shares of Virgin Galactic Holdings Inc. SPCE, -11.46% tumbled 11.46% to $33.77 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP, -1.69% falling 1.69% to 13,358.79 and Dow Jones Industrial Average DJIA, -0.46% falling 0.46% to 31,391.52. Virgin Galactic Holdings Inc. closed $29.03 below its 52-week high ($62.80), which the company reached on February 4th.
The stock underperformed when compared to some of its competitors Tuesday, as Southwest Airlines Co. LUV, -0.43% fell 0.43% to $57.81, Delta Air Lines Inc. DAL, +0.35% rose 0.35% to $48.23, and Ryanair Holdings PLC ADR RYAAY, -0.46% fell 0.46% to $109.11. Trading volume (14.6 M) remained 5.3 million below its 50-day average volume of 19.9 M.