Is JetBlue Airways Corporation (JBLU) Stock a Good Buy on Thursday?

Thursday, June 25, 2020 2:26 PM | InvestorsObserver Analysts

JetBlue Airways Corporation (JBLU) stock is lower by 12.62% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bearish
JetBlue Airways Corporation has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on JBLU!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.

Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With JBLU Stock Today?

JetBlue Airways Corporation (JBLU) stock is higher by 2.58% while the S&P 500 is lower by -0.27% as of 2:20 PM on Thursday, Jun 25. JBLU has gained $0.27 from the previous closing price of $10.26 on volume of 11,286,101 shares. Over the past year the S&P 500 has risen 4.27% while JBLU is lower by -42.55%. JBLU earned $0.82 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 12.86.

To see the top 5 stocks in the Airlines industry click here.

More About JetBlue Airways Corporation

JetBlue Airways Corp is a low-cost airline that offers high-quality service, including assigned seating and in-flight entertainment. It carries over millions of customers with an average of more than 1,000 daily flights and served approximately 99 destinations in the United States, the Caribbean, and Latin America. The company currently operates Airbus A321, Airbus A320, and Embraer E190 aircraft types.

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