Southwest Airlines Company (LUV) has been under a strong bear grip, hence the stock is down -8.9% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.84% in the past 1 week. The stock has risen by 2.27% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.64% in the past 4 weeks.
Southwest Airlines Company (NYSE:LUV): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.80 and $36.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.85, notching a gain of 3.93% for the day. The total traded volume was 9,160,389 . The stock had closed at $36.42 on the previous day.
The stock has recorded a 20-day Moving Average of 4.02% and the 50-Day Moving Average is 5.84%. Southwest Airlines Co. has dropped 9.08% during the last 3-month period . Year-to-Date the stock performance stands at -11.73%.
Southwest Airlines Company (LUV) : The highest short term price target forecast on Southwest Airlines Company (LUV) is $67 and the lowest target price is $34. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $50.11 with a standard deviation of $10.46.
Southwest Airlines Co. operates Southwest Airlines (Southwest). Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company serves around 93 destinations in 40 states and runs international services to Montego Bay, Nassau, Oranjestad, Cabo San Lucas/Los Cabos, Cancun, Mexico City and Punta Cana. It serves around 17 non-stop destinations and 581 non-stop city pairs. It operates around 665 Boeing 737 aircrafts. It provides several products, such as Business Select, Fly By Priority Lanes and SWABIZ. Its Website, southwest.com, enables purchasing and managing travel online. It offers southwest.com and swabiz.com in a translated Spanish version. Southwest provides inflight satellite-based wireless fidelity (Wi-Fi) service and live television. Its service offerings include EarlyBird Check-In, Pets Are Welcome on Southwest (P.A.W.S.) products, Automated Outbound Messaging (AOM) service and southwest.com/rebook.