Shares of Alaska Air Group, Inc. (ALK) Sees Large Inflow of Net Money Flow

Alaska Air Group, Inc. (ALK) dropped slightly amid mild profit booking and the last known price was $93.59 per share. The price decreased by -0.23 points or -0.25% which made the investors to buy on weakness. For the latest trading session, the net money flow was recorded at $1.69 million. The total upticks were valued at $4.96 million and the total downticks aggregated to $3.28 million, thereby putting the up/down ratio at 1.51,. The shares has seen a change in the share price of -1.62% on a weekly basis.In a big block trade which occurred today, the total uptick value was $1.07 million and the total downtick value was $0, resulting in an up/down ratio of 0. The net money flow for the block trade was calculated to be $1.07 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Alaska Air Group, Inc. rose by 0.27% in the last five trading days and 5.52% for the last 4 weeks. Alaska Air Group, Inc. is up 30.13% in the last 3-month period. Year-to-Date the stock performance stands at 5.52%. Alaska Air Group, Inc. (NYSE:ALK) witnessed a decline in the market cap on Wednesday as its shares dropped 0.2% or 0.19 points. After the session commenced at $93.83, the stock reached the higher end at $94.68 while it hit a low of $93.03. With the volume soaring to 830,162 shares, the last trade was called at $93.63. The company has a 52-week high of $96.27. The company has a market cap of $11,542 million and there are 123,273,000 shares in outstanding. The 52-week low of the share price is $54.51.

Company has reported several Insider transactions to the SEC, on Jan 27, 2017, Benito Minicucci (PRES & COO) sold 5,000 shares at 95.00 per share price.On Jan 6, 2017, Bradley D Tilden (CHAIRMAN, PRESIDENT AND CEO) sold 5,600 shares at 88.42 per share price.On Dec 9, 2016, Brandon Pedersen (EXEC VP/FINANCE & CFO) sold 4,681 shares at 89.85 per share price.

Alaska Air Group Last issued its quarterly earnings results on Oct 20, 2016. The company reported $2.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.14. Analyst had a consensus of $2.06. The company had revenue of $1566.00 million for the quarter, compared to analysts expectations of $1556.27 million. The companys revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.16 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Alaska Air Group was Upgraded by BofA/Merrill to Buy on Jan 10, 2017. Alaska Air Group was Initiated by Barclays on Dec 15, 2016 to Overweight, Price Target of the shares are set at $122.Alaska Air Group was Initiated by Citigroup to Neutral on Nov 18, 2016.

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.

Alaska

Share this post

Leave a Reply