LATAM Airlines Group S.A. (LFL) has risen sharply, recording gains of 1.61% in the past 4 weeks. However, the stock has corrected -0.23% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.57% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.18% and the 50-Day Moving Average is 18.05%. LATAM Airlines Group S.A. (NYSE:LFL): On Fridays trading session , Opening price of the stock was $8.54 with an intraday high of $8.93. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $8.44. However, the stock managed to close at $8.83, a loss of 1.45% for the day. On the previous day, the stock had closed at $8.96. The total traded volume of the day was 613,201 shares.
The company Insiders own 7.81% of LATAM Airlines Group S.A. shares according to the proxy statements. Institutional Investors own 3.37% of LATAM Airlines Group S.A. shares. Also, Equity Analysts at the Brokerage Firm, Citigroup, downgrades their rating on the shares of LATAM Airlines Group S.A. (NYSE:LFL). Citigroup has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 1, 2016.
LATAM Airlines Group S.A. (LATAM) is a Chile-based airline holding company. The Company is primarily involved in the transportation of passengers and cargo, and operates as a business enterprise with two brands: LAN and TAM. LATAM operates through two segments: the air transportation business, and the coalition and loyalty program Multiplus. The Companys Air transport segment corresponds to the route network for air transport. LATAMs segment of loyalty coalition called Multiplus is a frequent flyer program. LATAM provides passenger transport services to approximately 135 destinations in 22 countries and cargo services to approximately 144 destinations in 26 countries, with a fleet of 327 aircraft and a set of bilateral alliances. The LAN brand includes LAN Chile, LAN Peru, LAN Argentina, LAN Colombia, LAN Ecuador and LAN Cargo. The TAM brand includes other brands, services and business units, such as TAM Airlines, TAM Cargo, TAM Viagens, TAM Fidelidade and TAM nas Nuvens.