Shares of JetBlue Airways Corporation (JBLU) Sees Large Inflow of Net Money Flow

JetBlue Airways Corporation (JBLU) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $9.59 million worth of transactions were on upticks, whereas, the downticks accounted for $7.03 million worth of transactions. The net money flow was a positive $2.56 million and the uptick to downtick ratio was 1.36. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 12.14 in their favor. The net money flow into the stock was $2.68 million. The value of block trades done on downticks was only $0.24 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $2.92 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. JetBlue Airways Corporation (JBLU) was trading at $17.39, down $0.02 during day. The stock slid -0.09% over the previous days close. For the week, the stock recorded -6.73% over the previous weeks close.


JetBlue Airways Corporation (JBLU) : 8 Wall Street analysts covering JetBlue Airways Corporation (JBLU) believe that the average level the stock could reach for the short term is $24.5. The maximum price target given is $30 and the minimum target for short term is around $18, hence the standard deviation is calculated at $3.74.

JetBlue Airways Corporation (NASDAQ:JBLU): stock turned positive on Friday. Though the stock opened at $17.47, the bulls momentum made the stock top out at $17.66 level for the day. The stock recorded a low of $17.255 and closed the trading day at $17.58, in the green by 1.03%. The total traded volume for the day was 6,331,127. The stock had closed at $17.4 in the previous days trading.

In a related news, Hnat James G, officer (EVP & General Counsel) of Jetblue Airways Corp, unloaded 1,000 shares at an average price of $18.54 on July 15, 2016. The total amount of the transaction was worth $18,540, according to the disclosed information 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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