Large Outflow of Money Witnessed in Hawaiian Holdings

Hawaiian Holdings (HA) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($4.22 million) and the uptick to downtick ratio was 0.84. The transaction value on upticks was $22.8 million and on downticks, the transaction value was $27.03 million. In block trades, the transaction value of inflow done during uptick was $0.87 million. The transaction value of block trades during downticks was $0.58 million. The uptick to downtick block trade ratio was 1.51. The money flow was negative ($0.3 million), indicating the traders were booking profit on the price strength. Hawaiian Holdings (HA) rose $2.78 at $46.26, during intraday Friday , a rise of 6.39% over the previous days close.


Hawaiian Holdings (HA) stock is expected to deviate a maximum of $5.62 from the average target price of $47 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $58 and the most muted being $43.

Hawaiian Holdings (NASDAQ:HA): stock turned positive on Friday. Though the stock opened at $43.56, the bulls momentum made the stock top out at $46.92 level for the day. The stock recorded a low of $43.5 and closed the trading day at $46.26, in the green by 6.39%. The total traded volume for the day was 2,157,609. The stock had closed at $43.48 in the previous days trading.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Hawaiian Holdings Inc, Rose Crystal K had sold 40,000 shares worth of $1,680,000 in a transaction dated June 9, 2016. In this transaction, 40,000 shares were sold at $42 per share.

Hawaiian Holdings, Inc. is a holding company. Through its subsidiary Hawaiian Airlines, Inc., the Company is engaged in the scheduled air transportation of passengers and cargo. The Company offers transportation amongst the Hawaiian Islands (the Neighbor Island routes); between the Hawaiian Islands and certain cities in the United States (the North America routes), and between the Hawaiian Islands and the South Pacific, Australia, New Zealand and Asia (the international routes). In addition, it operates various charter flights and offers non-stop services to Hawaii from 11 United States gateway cities. It also provides approximately 166 daily flights between the Hawaiian Islands. The Companys fleet has approximately 18 Boeing 717-200 aircraft for the Neighbor Island routes and 10 Boeing 767-300 aircraft and 19 Airbus A330-200 aircraft for the North America, international and charter routes. It owns three ATR42 turboprop aircraft for the Ohana by Hawaiian Neighbor Island service.

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