The market has been high on Alaska Air Group, Inc. (ALK) stock recently. ALK gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Alaska Air Group, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ALK!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With ALK Stock Today?
Alaska Air Group, Inc. (ALK) stock is trading at $48.92 as of 3:27 PM on Friday, Jun 9, an increase of $0.25, or 0.51% from the previous closing price of $48.67. The stock has traded between $48.66 and $49.28 so far today. Volume today is low. So far 568,854 shares have traded compared to average volume of 1,333,450 shares.
More About Alaska Air Group, Inc.
Alaska Air Group Inc operates two airlines, Alaska and Horizon in three operating segments. The Mainline segment includes scheduled air transportation on Alaska's Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico, and Costa Rica. The Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the U.S. and Canada under capacity purchase agreements (CPA). The Horizon segment includes the capacity sold to Alaska under a CPA. It earns revenues from Passenger tickets, including ticket breakage and net of taxes and fees, Passenger ancillary and Mileage Plan passenger revenue.
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