Southwest Airlines Company (LUV) : During the past 4 weeks, traders have been relatively bearish on Southwest Airlines Company (LUV), hence the stock is down -4.28% 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 -0.43% relative to the S&P 500. The 4-week change in the price of the stock is -3.91% and the stock has fallen -0.47% in the past 1 week.
Southwest Airlines Co. has dropped 13.4% during the last 3-month period . Year-to-Date the stock performance stands at -15%. The stock has recorded a 20-day Moving Average of 1.65% and the 50-Day Moving Average is 6.91%.
Southwest Airlines Company (NYSE:LUV): The stock opened at $36.71 on Friday but the bulls could not build on the opening and the stock topped out at $36.80 for the day. The stock traded down to $36.30 during the day, due to lack of any buying support eventually closed down at $36.35 with a loss of -1.33% for the day. The stock had closed at $36.84 on the previous day. The total traded volume was 7,517,151 shares.
Also, Equity Analysts at the JP Morgan downgrades the rating on Southwest Airlines Company (NYSE:LUV). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Overweight. The rating by the firm was issued on July 27, 2016.
Southwest Airlines Co. operates Southwest Airlines (Southwest). Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company serves around 93 destinations in 40 states and runs international services to Montego Bay, Nassau, Oranjestad, Cabo San Lucas/Los Cabos, Cancun, Mexico City and Punta Cana. It serves around 17 non-stop destinations and 581 non-stop city pairs. It operates around 665 Boeing 737 aircrafts. It provides several products, such as Business Select, Fly By Priority Lanes and SWABIZ. Its Website, southwest.com, enables purchasing and managing travel online. It offers southwest.com and swabiz.com in a translated Spanish version. Southwest provides inflight satellite-based wireless fidelity (Wi-Fi) service and live television. Its service offerings include EarlyBird Check-In, Pets Are Welcome on Southwest (P.A.W.S.) products, Automated Outbound Messaging (AOM) service and southwest.com/rebook.