Alaska Air Group (NYSE:ALK) has tumbled 10.52% during the past week and has dropped 8.17% 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 9.45%. Alaska Air Group (NYSE:ALK) has underperformed the index by 9.01% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Alaska Air Group (NYSE:ALK): The stock opened at $60.31 on Friday but the bulls could not build on the opening and the stock topped out at $60.65 for the day. The stock traded down to $59.48 during the day, due to lack of any buying support eventually closed down at $59.88 with a loss of -0.81% for the day. The stock had closed at $60.37 on the previous day. The total traded volume was 2,437,971 shares.
The company shares have dropped -7.38% from its 1 Year high price. On Dec 7, 2015, the shares registered one year high at $87.17 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $66.43 and the 200 Day Moving Average price is recorded at $74.10.
On the companys insider trading activities, The (VP/HUMAN RESOURCES), of Alaska Air Group, Inc., Young Tamara S had unloaded 1,859 shares at $66.77 per share in a transaction on May 26, 2016. The total value of transaction was $124,125. 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. Raymond James downgrades its view on Alaska Air Group (NYSE:ALK) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Strong Buy. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 0.68% of Alaska Air Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -14.46% . Institutional Investors own 91.67% of Alaska Air Group shares. During last six month period, the net percent change held by insiders has seen a change of -4.87%.
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.