Shares of JetBlue Airways Corporation (JBLU) Sees Large Outflow of Money

JetBlue Airways Corporation (JBLU) : The total negative money flow of $5.74 million on Thursday indicates selling on strength. The inflow of money on upticks was $18.03 million, compared to $23.77 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.76. The negative money flow of $5.61 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $2.96 million in a block trade.The transaction value of block trade on downtick was $8.57 million. The uptick to downtick ratio was 0.35. The price action in the JetBlue Airways Corporation (JBLU) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $18.57 with a gain of $0.36 , a change of 1.98% over the previous days close. The stock registered 8.53% for the week.


The stock has recorded a 20-day Moving Average of 12.34% and the 50-Day Moving Average is 5.48%. Shares have dropped -23.21% from its 1 Year high price. On Sep 17, 2015, the shares registered one year high at $27.36 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $17.09 and the 200 Day Moving Average price is recorded at $19.74.

JetBlue Airways Corporation (NASDAQ:JBLU): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.40 and $18.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.57, notching a gain of 1.98% for the day. The total traded volume was 6,861,235 . The stock had closed at $18.21 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Hayes Robin, officer (CEO and President) of Jetblue Airways Corp, had unloaded 5,000 shares at an average price of $16.18 in a transaction dated on July 6, 2016. The total value of the transaction was worth $80,900.

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.

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