Shares of SkyWest (NASDAQ:SKYW) Sees Large Inflow of Net Money Flow

SkyWest (NASDAQ:SKYW) witnessed a selling pressure and the shares last traded with a loss of -0.57 points or -2.28% at $24.47. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $2.61 million with an inflow of $3.56 million in upticks and an outflow of $0.95 million in downticks. Using the data, the up/down ratio is found to be 3.73. The share price has recorded 2.9% on a weekly basis.A block trade of $2.63 million in uptick and $0 million in downtick was also observed, resulting in an up/down ratio of 0. The net money flow of the block trade stood at a $2.63, signaling heavy buying.


Currently the company Insiders own 4% of SkyWest shares according to the proxy statements. Institutional Investors own 86.11% of SkyWest shares. On the companys insider trading activities, The officer (Chief Operating Officer – Sub), of Skywest Inc, Vais Terry had unloaded 9,562 shares at $25.01 per share in a transaction on June 7, 2016. The total value of transaction was $239,146. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

SkyWest (NASDAQ:SKYW) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.64 points or 2.56% at $24.4 with 364,763 shares getting traded. Post opening the session at $24.93, the shares hit an intraday low of $24.2511 and an intraday high of $24.93 and the price was in this range throughout the day. The company has a market cap of $1,254 million and the number of outstanding shares have been calculated to be 51,387,426 shares. The 52-week high of SkyWest (NASDAQ:SKYW) is $25.36 and the 52-week low is $13.23.

Skywest, Inc. is a holding company for two North American regional airlines. The Company, through its subsidiaries, SkyWest Airlines, Inc. and ExpressJet Airlines, Inc., offers scheduled passenger service with approximately 3,600 daily departures to destinations in the United States, Canada, Mexico and the Caribbean. The Company operates through two segments: SkyWest Airlines and ExpressJet. The Companys flights are operated as Delta Connection, United Express, US Airways Express, American Eagle and Alaska. As of December 31, 2014, its consolidated fleet consisted of a total of 749 aircrafts of, which 425 were assigned to United, 239 were assigned to Delta, 29 were assigned to American, 15 were assigned to US Airways, nine were assigned to Alaska, two were subleased to unaffiliated entities and 30 were removed from service. The Company operates two types of regional jet aircrafts: the Bombardier Aerospace (Bombardier) regional jet and the Embraer S.A. (Embraer) regional jet.

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