Large Inflow of Money Detected in JetBlue Airways Corporation

JetBlue Airways Corporation (JBLU) : $14.17 million worth of transactions were on upticks in JetBlue Airways Corporation (JBLU), compared to $11.96 million on downticks. The ratio between the two was 1.18, whereas, the net money flow stood at a healthy $2.21 million on Wednesdays session.The block trades show a bullish bias with only $1.32 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $2.24million worth of trades. The up-down ratio between the uptick and downtick was 1.7, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $0.93 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.87%. The stock was trading at $18.13, with a drop of $0.16 over the previous days close. The stock recorded -2.74% for the week.


Also, Major Brokerage house, Cowen & Company upgrades its ratings on JetBlue Airways Corporation (NASDAQ:JBLU). In the latest research report, Cowen & Company maintains the target price to $24 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on April 27, 2016.

JetBlue Airways Corporation (NASDAQ:JBLU): The stock opened at $18.35 on Wednesday but the bulls could not build on the opening and the stock topped out at $18.38 for the day. The stock traded down to $18.00 during the day, due to lack of any buying support eventually closed down at $18.13 with a loss of -0.87% for the day. The stock had closed at $18.29 on the previous day. The total traded volume was 5,000,332 shares.

The stock has recorded a 20-day Moving Average of 7% and the 50-Day Moving Average is 3.41%. In a related news,The officer (CEO and President) of Jetblue Airways Corp, Hayes Robin sold 5,000 shares at $16.18 on July 6, 2016. The Insider selling transaction had a total value worth of $80,900. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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