Alaska Air Group (ALK) has risen sharply, recording gains of 0.52% in the past 4 weeks. However, the stock has corrected -1.28% in the past 1 week, providing a good buying opportunity on dips. Alaska Air Group (ALK) : During the past 4 weeks, traders have been relatively bearish on Alaska Air Group (ALK), hence the stock is down -0.5% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.34% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 0.35% and the 50-Day Moving Average is 3.68%. Alaska Air Group (NYSE:ALK): On Fridays trading session , Opening price of the stock was $65.89 with an intraday high of $66.24. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $65.33. However, the stock managed to close at $65.38, a loss of 1.10% for the day. On the previous day, the stock had closed at $66.11. The total traded volume of the day was 577,404 shares.
The company Insiders own 0.68% of Alaska Air Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.83% . Institutional Investors own 86.36% of Alaska Air Group shares. During last six month period, the net percent change held by insiders has seen a change of -22.46%. Also, JP Morgan upgrades its rating on Alaska Air Group (NYSE:ALK). Analysts at the JP Morgan have a current rating of Overweight on the shares. The shares were previously rated Neutral. The rating by the firm was issued on July 27, 2016.
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.