Alaska Air Group (ALK) : Traders are bullish on Alaska Air Group (ALK) as it has outperformed the S&P 500 by a wide margin of 0.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.96%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.3% in the last 1 week, and is up 0.07% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.56% and the fifty day Moving Average is 6.38%. Alaska Air Group, Inc. is up 1.09% in the last three month period. Year-to-Date the stock performance stands at -15.42%.
Alaska Air Group (ALK) : The highest level Alaska Air Group (ALK) is projected to reach is $87 for the short term and the lowest estimate is at $65. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $80.17 and the possibility the share price can swing is $9.33.
Alaska Air Group (NYSE:ALK): On Fridays trading session , Opening price of the stock was $68.19 with an intraday high of $68.33. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $67.01. However, the stock managed to close at $67.27, a loss of 1.57% for the day. On the previous day, the stock had closed at $68.34. The total traded volume of the day was 956,693 shares.
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.