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 4.07% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.05%, 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 8.65% in the last 1 week, and is up 8.62% 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 9.26% and the 50-Day Moving Average is 2.43%.
Alaska Air Group (NYSE:ALK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $64.67 and $64.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $65.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.04, notching a gain of 0.28% for the day. The total traded volume was 2,810,274 . The stock had closed at $64.86 on the previous day.
The company Insiders own 0.68% of Alaska Air Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -16.39% . Institutional Investors own 91.6% of Alaska Air Group shares. During last six month period, the net percent change held by insiders has seen a change of -15.59%. 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, 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.