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.