JetBlue Airways Corporation (NASDAQ:JBLU) has tumbled 9.9% during the past week and has dropped 9.99% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 8.81%. JetBlue Airways Corporation (NASDAQ:JBLU) has underperformed the index by 10.82% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
JetBlue Airways Corporation (NASDAQ:JBLU): The stock opened at $16.41 on Friday but the bulls could not build on the opening and the stock topped out at $16.66 for the day. The stock traded down to $16.27 during the day, due to lack of any buying support eventually closed down at $16.30 with a loss of -1.03% for the day. The stock had closed at $16.47 on the previous day. The total traded volume was 5,932,758 shares.
The company shares have dropped -23.15% 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 16, 2016. The 50-Day Moving Average price is $18.25 and the 200 Day Moving Average price is recorded at $20.70.
On the companys insider trading activities, The officer (EVP & General Counsel), of Jetblue Airways Corp, Hnat James G had unloaded 1,000 shares at $16.87 per share in a transaction on June 15, 2016. The total value of transaction was $16,870. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Cowen & Company upgrades their rating on the shares of JetBlue Airways Corporation (NASDAQ:JBLU). The current rating of the shares is Outperform. Earlier, the shares were rated a Market Perform by the brokerage firm. Equity Analysts at the Firm maintains the price target to $24 per share. The rating by the firm was issued on April 27, 2016. Currently 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 -2.5% . Institutional Investors own 83.29% of JetBlue Airways Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 10.93%.
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.