Alaska Air Group (ALK) : During the past 4 weeks, traders have been relatively bearish on Alaska Air Group (ALK), hence the stock is down -0.02% 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 -5.1% relative to the S&P 500. The 4-week change in the price of the stock is -2.04% and the stock has fallen -4.59% in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.52% and the 50-Day Moving Average is 0.52%.The 200 Day SMA reached 6.97% Alaska Air Group, Inc. is up 10.18% in the last 3-month period. Year-to-Date the stock performance stands at -17.39%.
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.
For the current week, the company shares have a recommendation consensus of Buy. Alaska Air Group (NYSE:ALK): stock was range-bound between the intraday low of $65.63 and the intraday high of $66.87 after having opened at $66.56 on Fridays session. The stock finally closed in the red at $66.56, a loss of -1.66%. The stock remained in the red for the whole trading day. The total traded volume was 1,140,375 shares. The stock failed to cross $66.87 in Fridays trading. The stocks closing price on Thursday was $65.7.
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.