Shares of Allegiant Travel Company (ALGT) Sees Large Outflow of Money

Allegiant Travel Company (ALGT) : The value of composite uptick trades was $1.68 million, whereas, the value of composite downtick trades was $2.7 million. The uptick to downtick ratio stood at 0.62 with a negative money flow of ($1.02) Million during Tuesdays trading session. The block trades money flow was negative ($0 million). The transaction of the trades on downticks amounted to $0.1 million, which confirms investors selling on the strength of price. Allegiant Travel Company (ALGT) gained 306 cents at $138.63, an increase of 2.26% over the previous days close.


Also, Equity Analysts at the Stifel Nicolaus maintains the rating on Allegiant Travel Company (NASDAQ:ALGT). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency lowers the price target from $200 per share to $155 per share. The rating by the firm was issued on August 3, 2016.

Shares of Allegiant Travel Company rose by 3.57% in the last five trading days and 7.93% for the last 4 weeks. Allegiant Travel Company has dropped 2.97% during the last 3-month period . Year-to-Date the stock performance stands at -16.97%.

Allegiant Travel Company (NASDAQ:ALGT): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $135.25 and $135.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $139.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $137.68, notching a gain of 1.56% for the day. The total traded volume was 119,087 . The stock had closed at $135.57 on the previous day.

In a related news, Gallagher Maurice J Jr, director officer 10% owner (CEO and President) of Allegiant Travel Co, unloaded 292,200 shares at an average price of $163.5 on March 9, 2016. The total amount of the transaction was worth $47,774,700, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Allegiant Travel Company is a leisure travel company. The Company is focused on providing travel services and products to residents of under-served cities in the United States. The Companys products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services, fixed fee contract air transportation and other revenue. Scheduled service air transportation includes scheduled air transportation on limited-frequency non-stop flights between under-served cities and leisure destinations. The Company provides unbundled air-related services and products in conjunction with air transportation for an additional cost to customers. Third-party ancillary products and services comprise offering third-party travel products. Fixed fee contract air transportation includes providing air transportation through fixed fee agreements and charter service on a year-round and ad-hoc basis.

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