Alaska Air Group (ALK) : The short interest in Alaska Air Group (ALK) has increased from 8,423,222 to 9,620,234 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 1,089,416 shares are traded daily in the stock and only 9 days are left for the shorts to cover. The short open interest is 7.8% of the total shares in the hands of the public. The shorts in the stock have gone up by 1,197,012 shares, which is an increase of 14.2% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
Alaska Air Group (NYSE:ALK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.18 and $67.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.92, notching a gain of 0.85% for the day. The total traded volume was 841,092 . The stock had closed at $67.35 on the previous day.
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 4,000 shares at an average price of $63.84 in a transaction dated on July 19, 2016. The total value of the transaction was worth $255,360.
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.