Alaska Air Group, Inc. stock performance trend indicates that the stock price has rallied 3.24% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 41.76% . Looking at the past 52 week period, the stock price is up at 13.81% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Alaska Air Group, Inc. has a positive value of 33.21 compared to overall market.Alaska Air Group, Inc. is having a Relative Strength Index of 42.68 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Alaska Air Group, Inc. (NYSE:ALK) has tumbled 3.36% during the past week and has dropped 3.35% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.59%. Alaska Air Group, Inc. (NYSE:ALK) has underperformed the index by 4.45% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
For the current week, the company shares have a recommendation consensus of Buy. Alaska Air Group, Inc. (NYSE:ALK) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.78 points or 0.83% at $93.36 with 1,321,308 shares getting traded. Post opening the session at $94.55, the shares hit an intraday low of $93.27 and an intraday high of $94.59 and the price was in this range throughout the day. The company has a market cap of $11,527 million and the number of outstanding shares has been calculated to be 123,468,367 shares. The 52-week high of Alaska Air Group, Inc. (NYSE:ALK) is $101.43 and the 52-week low is $54.51.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Imperial Capital on Feb 10, 2017 to In-line, Raises Price Target to $ 101 from a previous price target of $84 .Company shares were Reiterated by Cowen on Feb 9, 2017 to Market Perform, Raises Price Target to $ 100 from a previous price target of $95 .Alaska Air Group was Upgraded by BofA/Merrill to Buy on Jan 10, 2017.
Company has reported several Insider transactions to the SEC, on Mar 3, 2017, Brandon Pedersen (EXEC VP/FINANCE & CFO) sold 16,781 shares at 99.21 per share price.On Feb 22, 2017, Bradley D Tilden (CHAIRMAN, PRESIDENT AND CEO) sold 5,600 shares at 96.49 per share price.On Feb 22, 2017, Mark G Eliasen (VP/FINANCE & TREASURER) sold 1,723 shares at 96.28 per share price.
Alaska Air Group Last issued its quarterly earnings results on Feb 8, 2017. The company reported $1.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.16. Analyst had a consensus of $1.40. The company had revenue of $1524.00 million for the quarter, compared to analysts expectations of $1450.06 million. The companys revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 EPS.
Alaska Air Group, Inc. is a holding company and has two principal subsidiaries: Alaska Airlines, Inc. and Horizon Air Industries, Inc. Both subsidiaries operate as airlines. However, each subsidiarys business plan, competition and economic risks differ substantially. Alaska is a major airline, operates an all jet fleet, and its average passenger trip length is 833 miles. Horizon is a regional airline, operates jet and turboprop aircraft, and its average passenger trip is 231 miles.