Alaska Air Group (ALK) : Traders are bullish on Alaska Air Group (ALK) as it has outperformed the S&P 500 by a wide margin of 3.13% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.89%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.4% in the last 1 week, and is up 2.99% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.35% and the 50-Day Moving Average is 6.58%.The 200 Day SMA reached 4.01%. Alaska Air Group, Inc. is up 5.04% in the last 3-month period. Year-to-Date the stock performance stands at -14.24%.
Alaska Air Group (NYSE:ALK): After opening at $67.26, the stock dipped to an intraday low of $67.26 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $68.25 and the buying power remained strong till the end. The stock closed at $68.21 for the day, a gain of 1.41% for the day session. The total traded volume was 693,132. The stocks close on the previous trading day was $67.26.
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.