Shares of Southwest Airlines Co. LUV, -0.68% sank 0.68% to $48.53 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.34% falling 0.34% to 4,520.03 and Dow Jones Industrial Average DJIA, -0.76% falling 0.76% to 35,100.00. This was the stock’s second consecutive day of losses. Southwest Airlines Co. closed $16.22 below its 52-week high ($64.75), which the company achieved on April 14th.
The stock underperformed when compared to some of its competitors Tuesday, as Delta Air Lines Inc. DAL, +0.25% rose 0.25% to $40.35, United Airlines Holdings Inc. UAL, +0.76% rose 0.76% to $46.57, and American Airlines Group Inc. AAL, +0.83% rose 0.83% to $19.53. Trading volume (6.4 M) remained 921,214 below its 50-day average volume of 7.3 M.
Legendary investor George Soros has taken aim against index powerhouse BlackRock for a second time, blasting the fund manager over its stance on Chinese investments.
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