Southwest Airlines Company (NYSE:LUV) has tumbled 8.92% during the past week and has dropped 5.81% 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 7.82%. Southwest Airlines Company (NYSE:LUV) has underperformed the index by 6.67% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Southwest Airlines Company (NYSE:LUV): The stock opened at $39.60 on Friday but the bulls could not build on the opening and the stock topped out at $40.18 for the day. The stock traded down to $39.58 during the day, due to lack of any buying support eventually closed down at $39.74 with a loss of -0.10% for the day. The stock had closed at $39.78 on the previous day. The total traded volume was 5,633,691 shares.
The company shares have rallied 14.23% from its 1 Year high price. On Dec 7, 2015, the shares registered one year high at $51.34 and the one year low was seen on Jul 1, 2015. The 50-Day Moving Average price is $42.19 and the 200 Day Moving Average price is recorded at $42.45.
On the companys insider trading activities, Montford John T, director of Southwest Airlines Co, unloaded 1,210 shares at an average price of $43.31 on June 7, 2016. The total amount of the transaction was worth $52,405, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Barclays upgrades its outlook on Southwest Airlines Company (NYSE:LUV). The current rating of the shares is Equal-weight, according to the research report released by the firm. Previously, the company had a rating of Underweight. The brokerage firm raises the price target from $41 per share to $48 per share. The rating by the firm was issued on April 15, 2016. Currently the company Insiders own 0.18% of Southwest Airlines Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.77% . Institutional Investors own 79.77% of Southwest Airlines Company shares. During last six month period, the net percent change held by insiders has seen a change of -20.54%.
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.