Alaska Air Group (ALK): Price Target and June Short Interest Disclosure

Alaska Air Group (ALK) : Currently there are 8 street experts covering Alaska Air Group (ALK) stock. The most bullish and bearish price target for the stock is $92 and $72 respectively for the short term. The average price target of all the analysts comes to $83.75. The estimated standard deviation from the target is $6.07.

Alaska Air Group (ALK) has shown a drop of 11.4% or 1,118,585 shares in the short positions. The bets have increased to 8,673,177 shares on June 30,2016 from 9,791,762 shares on June 15,2016. With respect to the floated shares, the shorts are 7.1%. The days to cover are calculated to be 4, using the standard per day volume of 2,116,067 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In a research note released to the investors, Raymond James downgrades its rating on Alaska Air Group (NYSE:ALK).The analysts at the brokerage house have a current rating of Outperform on the shares. Earlier, the shares were rated a Strong Buy by the brokerage firm. The rating by the firm was issued on June 14, 2016.


Alaska Air Group (NYSE:ALK): stock turned positive on Thursday. Though the stock opened at $63.71, the bulls momentum made the stock top out at $64.89 level for the day. The stock recorded a low of $63.29 and closed the trading day at $64.86, in the green by 2.68%. The total traded volume for the day was 2,132,778. The stock had closed at $63.17 in the previous days trading.

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.

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