Alaska Air Group (ALK) : Traders are bullish on Alaska Air Group (ALK) as it has outperformed the S&P 500 by a wide margin of 10.72% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.12%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.06% in the last 1 week, and is up 14.44% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 6.77% and the 50-Day Moving Average is 6.5%. Alaska Air Group, Inc. has dropped 4.15% during the last 3-month period . Year-to-Date the stock performance stands at -15.83%.
Alaska Air Group (NYSE:ALK): On Fridays trading session , Opening price of the stock was $68.44 with an intraday high of $68.85. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $67.1725. However, the stock managed to close at $67.22, a loss of 1.81% for the day. On the previous day, the stock had closed at $68.46. The total traded volume of the day was 2,003,692 shares.
Also, Equity Analysts at the JP Morgan upgrades the rating on Alaska Air Group (NYSE:ALK). The brokerage firm has issued a Overweight rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on July 27, 2016.
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.