Large Outflow of Money Witnessed in Alaska Air Group

Alaska Air Group (ALK) : Wednesdays money flow analysis of Alaska Air Group (ALK) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $20.99 million. In comparison, the inflow of money on upticks was a meager $13.33 million. The dollar value of composite uptick trades minus the downtick trades was negative $7.66 million. The uptick to downtick ratio of 0.64 in the money flow shows weakness. The downtick transaction value was high at $6.4 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($6.4 million). Alaska Air Group (ALK) gained $0.21 at $66.2, a change of 0.32% over the previous days close.


Alaska Air Group, Inc. has lost 0.75% in the last five trading days and dropped 1.25% in the last 4 weeks. Alaska Air Group, Inc. is up 15.23% in the last 3-month period. Year-to-Date the stock performance stands at -16.77%.

Alaska Air Group (ALK) : The consensus on Alaska Air Group (ALK) based on 8 analyst recommendation on the company stock is 2.13, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Alaska Air Group (NYSE:ALK): The stock opened at $66.29 and touched an intraday high of $67.7 on Wednesday. During the day, the stock corrected to an intraday low of $66.03, however, the bulls stepped in and pushed the price higher to close in the green at $66.2 with a gain of 0.32% for the day. The total traded volume for the day was 1,091,129. The stock had closed at $65.99 in the previous trading session.

Alaska Air Group, Inc. is a holding company of Alaska Airlines Inc. (Alaska) and Horizon Air Industries Inc. (Horizon). The Company operates Alaska Airlines and Horizon Air airlines, which together with its partner regional airlines serve approximately 100 cities through a network in Alaska, the Lower 48, Hawaii, Canada and Mexico. The Company operates in three segments: Alaska Mainline, Alaska Regional and Horizon. Alaska Mainline is the Boeing 737 part of Alaskas business. Alaska Regional is Alaskas shorter distance network. Horizon operates regional aircraft. In 2014, the Company carried approximately 29 million passengers. Alaska operates a fleet of passenger jets (mainline) and contracts with Horizon SkyWest Airlines Inc. (SkyWest) and Peninsula Airways, Inc. (PenAir) for regional capacity under which Alaska receives all passenger revenue from those flights. Horizon operates a fleet of turboprop aircraft and sells all of its capacity to Alaska.

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