Shares of Alaska Air Group (ALK) Sees Large Outflow of Money

Alaska Air Group (ALK) : The value of composite uptick trades was $0.39 million, whereas, the value of composite downtick trades was $1.23 million. The uptick to downtick ratio stood at 0.32 with a negative money flow of ($0.84) Million during Thursdays trading session. The block trades money flow was negative ($1.03 million). The transaction of the trades on downticks amounted to $1.03 million, which confirms investors selling on the strength of price. Alaska Air Group (ALK) gained 57 cents at $59.11, an increase of 0.97% over the previous days close.


Alaska Air Group (ALK) stock is expected to deviate a maximum of $5.89 from the average target price of $84.67 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $92 and the most muted being $72. The stock has recorded a 20-day Moving Average of 1.5% and the 50-Day Moving Average is 8.05%.

Alaska Air Group (NYSE:ALK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.37 and $58.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.47, notching a gain of 1.59% for the day. The total traded volume was 1,229,021 . The stock had closed at $58.54 on the previous day.

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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