Jetblue Airways Corp (JBLU) Files Form 4 Insider Selling : George Martin J St Sells 30,512 Shares

Jetblue Airways Corp (JBLU): George Martin J St , EVP Commercial of Jetblue Airways Corp sold 30,512 shares on Apr 29, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $19.75 per share for a total value of $602,642.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 3, 2016, James G Hnat (EVP & General Counsel) sold 15,000 shares at $19.85 per share price.On Apr 6, 2016, Robin Hayes (CEO and President) sold 5,000 shares at $20.32 per share price.Also, On Jan 6, 2016, Joel Clinton Peterson (director) sold 5,491 shares at $21.84 per share price.On Sep 11, 2015, Virginia Gambale (director) sold 13,500 shares at $25.40 per share price.

JetBlue Airways Corporation: On Monday, May 2, 2016 heightened volatility was witnessed in JetBlue Airways Corporation which led to swings in the share price. The shares opened for trading at $19.85 and hit $19.995 on the upside , eventually ending the session at $19.84, with a gain of 0.25% or 0.05 points. The heightened volatility saw the trading volume jump to 41,98,895 shares. The 52-week high of the share price is $27.36 and the company has a market cap of $6,370 M . The 52-week low of the share price is at $16.26.

JetBlue Airways Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.JetBlue Airways Corporation is Upgraded by Cowen to Outperform and the brokerage firm has set the Price Target at $24. Earlier the firm had a rating of Market Perform on the company shares. The Rating was issued on Apr 27, 2016.JetBlue Airways Corporation is Upgraded by Barclays to Overweight while Lowering the Price Target of the company shares to $ 26 from a previous price target of $29 . Earlier the firm had a rating of Equal Weight on the company shares. The Rating was issued on Apr 15, 2016.JetBlue Airways Corporation is Reiterated by Deutsche Bank to Buy while Lowering the Price Target of the company shares to $ 31 from a previous price target of $32 . The Rating was issued on Apr 1, 2016.

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 Company’s 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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JetBlue Airways Corporation - Is it time to Sell?

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