Alaska Air Group (NYSE:ALK) has been under a strong bear grip, hence the stock is down -11.97% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.62% in the past 1 week. The stock has risen by 1.91% in the past week indicating that the buyers are active at lower levels, but the stock is down -10.55% in the past 4 weeks.
The company shares have dropped -17.15% from its 1 Year high price. On Dec 7, 2015, the shares registered one year high at $87.17 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $62.33 and the 200 Day Moving Average price is recorded at $71.52.
The stock has recorded a 20-day Moving Average of 0.28% and the 50-Day Moving Average is 7.03%.
Alaska Air Group (NYSE:ALK): stock turned positive on Friday. Though the stock opened at $59.72, the bulls momentum made the stock top out at $60.54 level for the day. The stock recorded a low of $59.72 and closed the trading day at $59.86, in the green by 0.66%. The total traded volume for the day was 2,276,409. The stock had closed at $59.47 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the (CHAIRMAN, PRESIDENT AND CEO) of Alaska Air Group, Inc., Tilden Bradley D had sold 5,000 shares worth of $300,550 in a transaction dated June 21, 2016. In this transaction, 5,000 shares were sold at $60.11 per share.
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.