Large Outflow of Money Witnessed in JetBlue Airways Corporation

JetBlue Airways Corporation (JBLU) managed to stay afloat and traded higher with an addition of 0.03 point or 0.13% at $19.64. The money flow data is a negative $(-1.1) million with $6.06 million in upticks and $7.16 million in downticks. The intraday up/down ratio came in at 0.85. The shares has seen -0.08% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0.3 million and the combined worth of the downticks was $2.04, Million, leading to the up/down ratio of 0.15. The block trade saw a net money flow of $(-1.74) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

JetBlue Airways Corporation has lost 10.98% in the last five trading days and dropped 13.56% in the last 4 weeks. JetBlue Airways Corporation is up 10.87% in the last 3-month period. Year-to-Date the stock performance stands at -13.56%. JetBlue Airways Corporation (NASDAQ:JBLU) witnessed a decline in the market cap on Wednesday as its shares dropped 1.17% or 0.23 points. After the session commenced at $19.65, the stock reached the higher end at $20.07 while it hit a low of $19.33. With the volume soaring to 6,738,904 shares, the last trade was called at $19.38. The company has a 52-week high of $23.67. The company has a market cap of $6,274 million and there are 323,732,700 shares in outstanding. The 52-week low of the share price is $14.76.

Company has reported several Insider transactions to the SEC, on Jan 18, 2017, James G Hnat (EVP & General Counsel) sold 1,000 shares at 21.87 per share price.On Jan 4, 2017, Joel Clinton Peterson (director) sold 5,120 shares at 22.51 per share price.On Jan 4, 2017, Robin Hayes (CEO and President) sold 2,000 shares at 22.66 per share price.

JetBlue Airways Corporation Last issued its quarterly earnings results on Jan 26, 2017. The company reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.49. The company had revenue of $1641.00 million for the quarter, compared to analysts expectations of $1640.22 million. The companys revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.JetBlue Airways Corporation was Reiterated by Imperial Capital on Jan 30, 2017 to Outperform, Lowers Price Target to $ 29 from a previous price target of $31 .JetBlue Airways Corporation was Downgraded by Argus to Hold on Jan 27, 2017. JetBlue Airways Corporation was Upgraded by JP Morgan to Overweight on Jan 25, 2017. Company shares were Reiterated by Imperial Capital on Dec 22, 2016 to Outperform, Raises Price Target to $ 31 from a previous price target of $26 .JetBlue Airways Corporation was Downgraded by Raymond James to Mkt Perform on Dec 21, 2016.

JetBlue Airways is a low-fare, low-cost passenger airline, which provides high-quality customer service primarily on point-to-point routes and is based in New Yorks John F. Kennedy International Airport.


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