Shares of Alaska Air Group (ALK) Sees Large Inflow of Net Money Flow

Alaska Air Group (ALK) : Investors lapped up stocks on upticks to the tune of $20.35 million in the Fridays trading session. The trading value on downticks was comparatively at $18.79 million and the uptick to downtick ratio of 1.08 indicates continuous buying by the bulls. The net money flow into the stock was $1.56 million. Upticks saw transactions worth $1.91 clearly indicating buying by large investors. The total money flow for block trades stood at $1.91 million, which is a positive for the stock in the long-term. Alaska Air Group (ALK) fell $0.12 during the day at $64.59, a drop of -0.19% over the previous days close. However, for the week, the stock is -0.69%, compared to the previous week.


Alaska Air Group (ALK) : The consensus price target for Alaska Air Group (ALK) is $82.88 for the short term with a standard deviation of $8.15. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $92, however, the pessimist price target for the company is $65.

Alaska Air Group (NYSE:ALK): On Fridays trading session , Opening price of the stock was $65.17 with an intraday high of $65.55. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $64.3. However, the stock managed to close at $64.6, a loss of 0.17% for the day. On the previous day, the stock had closed at $64.71. The total traded volume of the day was 1,785,337 shares.

In a related news,The (CHAIRMAN, PRESIDENT AND CEO) of Alaska Air Group, Inc., Tilden Bradley D sold 4,000 shares at $63.84 on July 19, 2016. The Insider selling transaction had a total value worth of $255,360. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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