Large Outflow of Money Witnessed in Alaska Air Group

Alaska Air Group (ALK): The stock had negative money flow to the tune of ($1.13 million) on Monday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $0.28 million, whereas, the outflow of money on downticks was $1.41 million and the ratio between the two was 0.2. The block trade had a negative net money flow of ($1.25 million). On the other hand, downticks amounted to $1.25 million of the traded value, which shows distribution in the stock by traders. Alaska Air Group (ALK) closed with marginal gains of 20 cents to end the day at $65.24, an increase of 0.31% over the previous days close. The stock recorded 8.99% for the week.


Alaska Air Group, Inc. has dropped 21.56% during the last 3-month period . Year-to-Date the stock performance stands at -19.57%. Shares of Alaska Air Group, Inc. rose by 6.78% in the last five trading days and 6.41% for the last 4 weeks. In a related news, The Securities and Exchange Commission has divulged that Tilden Bradley D, (CHAIRMAN, PRESIDENT AND CEO) of Alaska Air Group, Inc., had unloaded 5,000 shares at an average price of $60.11 in a transaction dated on June 21, 2016. The total value of the transaction was worth $300,550.

Alaska Air Group (NYSE:ALK): On Mondays trading session , Opening price of the stock was $64.92 with an intraday high of $65.45. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $64.18. However, the stock managed to close at $64.24, a loss of 1.23% for the day. On the previous day, the stock had closed at $65.04. The total traded volume of the day was 1,431,026 shares.

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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