Virgin America Inc. (VA) lost ground during morning trading on September 22 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the services sector halfway through the trading day. At the lunch break, shares of VA have fallen 3.74% to $53.57 after closing the day prior at $55.65. So far, the stock has traded as high as $55.72 and as low as $53.5. Today’s decline has come with about 1.84 million shares changing hands, compared to an average 30-day volume of 461,797 for Virgin America Inc.. The price is currently below the 30-day volume weighted average price of $54.82 for VA.
The share depreciation gives the company a market capitalization of $2.49 billion based upon 44.68 million shares outstanding. It also means that VA has a price-to-book ratio of 2.81:1.
In the past 52 weeks, shares of VA have traded as low as $26.3 and as high as $56.54. Technical traders will take note that at $53.57, shares of VA are trading above their 200-day MA at $46.52 and below their 50-day MA at $55.98. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is VA?
Virgin America Inc is low-cost airline that provides scheduled air travel in the continental United States and Mexico. It operates from four cities of Los Angeles and San Francisco, with a smaller presence at Dallas Love Field. The company’s employees are led by CEO C. David Cush from the corporate headquarters at 555 Airport Boulevard in Burlingame, CA.
For more information on VA and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.
All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.
FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.