JetBlue Airways Corporation (JBLU) : Traders are bullish on JetBlue Airways Corporation (JBLU) as it has outperformed the S&P 500 by a wide margin of 9.57% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.34%, 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 8.94% in the last 1 week, and is up 14.36% 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 12.12% and the 50-Day Moving Average is 6.05%.
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 $18.38 and $18.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.64, notching a gain of 0.38% for the day. The total traded volume was 5,823,369 . The stock had closed at $18.57 on the previous day.
The company Insiders own 0.7% of JetBlue Airways Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.09% . Institutional Investors own 82.85% of JetBlue Airways Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -3.54%. In a related news,The officer (CEO and President) of Jetblue Airways Corp, Hayes Robin sold 5,000 shares at $16.18 on July 6, 2016. The Insider selling transaction had a total value worth of $80,900. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.