Alaska Air Group (ALK) has risen sharply, recording gains of 14.36% in the past 4 weeks. However, the stock has corrected -0.68% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.12% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Alaska Air Group (NYSE:ALK): The stock opened at $65.17 on Friday but the bulls could not build on the opening and the stock topped out at $65.55 for the day. The stock traded down to $64.30 during the day, due to lack of any buying support eventually closed down at $64.60 with a loss of -0.17% for the day. The stock had closed at $64.71 on the previous day. The total traded volume was 1,785,337 shares.
The stock has recorded a 20-day Moving Average of 6.6% and the 50-Day Moving Average is 2.44%. Alaska Air Group, Inc. has dropped 15.54% during the last 3-month period . Year-to-Date the stock performance stands at -19.12%.
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.