Home / Market Movers / Services Sector Feels 3.74% Slide in Shares of Virgin America Inc. (VA) at Midday on September 22

Services Sector Feels 3.74% Slide in Shares of Virgin America Inc. (VA) at Midday on September 22

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.

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