JetBlue Airways Corporation (JBLU) has risen sharply, recording gains of 0.88% in the past 4 weeks. However, the stock has corrected -5.84% in the past 1 week, providing a good buying opportunity on dips. JetBlue Airways Corporation (JBLU) : During the past 4 weeks, traders have been relatively bearish on JetBlue Airways Corporation (JBLU), hence the stock is down -1.57% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -6.24% relative to the S&P 500.
JetBlue Airways Corporation (NASDAQ:JBLU): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.16 and $17.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.26, notching a gain of 1.35% for the day. The total traded volume was 6,337,699 . The stock had closed at $17.03 on the previous day.
The stock has recorded a 20-day Moving Average of 3.68% and the 50-Day Moving Average is 0.73%. JetBlue Airways Corporation has dropped 9.16% during the last 3-month period . Year-to-Date the stock performance stands at -23.8%.
JetBlue Airways Corporation (JBLU) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $30 and the lowest price target forecast is $18. The average forecast of all the analysts is $24.22 and the expected standard deviation is $3.67.
JetBlue Airways Corporation is a passenger carrier company. The Company provides air transportation services across the United States, Caribbean and Latin America. The Company operates Airbus A321, Airbus A320 and EMBRAER 190 aircraft types. The Companys firm aircraft orders consists of approximately 33 Airbus A321 aircraft, 25 Airbus A320 new engine option (A320neo) aircraft, 45 Airbus A321 new engine option aircraft, 24 EMBRAER 190 aircraft and 10 spare engines. It operates fleet, which consists of approximately 13 Airbus A321 aircraft, 130 Airbus A320 aircraft and 60 EMBRAER 190 aircraft. The Company served approximately 87 BlueCities in 27 states, the District of Columbia, the Commonwealth of Puerto Rico, the United States Virgin Islands, and 17 countries in the Caribbean and Latin America.