Large Inflow of Money Detected in Alaska Air Group

Alaska Air Group (ALK) : The money flow analysis of Alaska Air Group (ALK) indicates a $0.95 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $2.11 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 2.23 and so was the total money flow at $1.17 million. The bulls lapped up $1.17 million worth of block trades on upticks. The money flow was $1.17 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Alaska Air Group (ALK), pushing it down by -0.18% for the day. The stock slid $0.12 and traded at $66.92 during the day. Nonetheless, the stock is -0.52% over the previous weeks close.


Also, Major Brokerage house, JP Morgan upgrades its ratings on Alaska Air Group (NYSE:ALK). According to the latest information available, the shares are now rated Overweight by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on July 27, 2016.

Shares of Alaska Air Group, Inc. rose by 0.3% in the last five trading days and 0.27% for the last 4 weeks. Alaska Air Group, Inc. is up 2.84% in the last 3-month period. Year-to-Date the stock performance stands at -15.07%.

Alaska Air Group (NYSE:ALK): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.12 and $66.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.55, notching a gain of 0.76% for the day. The total traded volume was 1,461,630 . The stock had closed at $67.04 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Tilden Bradley D, (CHAIRMAN, PRESIDENT AND CEO) of Alaska Air Group, Inc., had unloaded 4,000 shares at an average price of $63.84 in a transaction dated on July 19, 2016. The total value of the transaction was worth $255,360.

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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