Southwest Airlines Company (LUV) : The money flow analysis of Southwest Airlines Company (LUV) indicates a $3.08 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $4.52 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.47 and so was the total money flow at $1.44 million. The bulls lapped up $2.46 million worth of block trades on upticks. The money flow was $2.46 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Southwest Airlines Company (LUV), pushing it down by -0.77% for the day. The stock slid $0.33 and traded at $42.39 during the day. Nonetheless, the stock is -1.78% over the previous weeks close.
Also, In a research note released to the investors, Barclays upgrades its rating on Southwest Airlines Company (NYSE:LUV).The analysts at the brokerage house have a current rating of Equal-weight on the shares. Earlier, the shares were rated a Underweight by the brokerage firm. In a recent information released to the investors, Barclays raises the new price target from $41 per share to $48 per share. The rating by the firm was issued on April 15, 2016.
Southwest Airlines Company (NYSE:LUV): The stock opened at $43.02 on Wednesday but the bulls could not build on the opening and the stock topped out at $43.03 for the day. The stock traded down to $41.94 during the day, due to lack of any buying support eventually closed down at $42.03 with a loss of -1.62% for the day. The stock had closed at $42.72 on the previous day. The total traded volume was 8,225,088 shares.
The stock has recorded a 20-day Moving Average of 4.06% and the 50-Day Moving Average is 1.73%. In a related news, The director, of Southwest Airlines Co, Montford John T had unloaded 1,210 shares at $43.31 per share in a transaction on June 7, 2016. The total value of transaction was $52,405. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.