Should You Buy Alaska Air Group, Inc. (ALK) Stock on Thursday?

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!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. 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 $43.18 as of 3:37 PM on Thursday, Mar 28, an increase of $1.17, or 2.79% from the previous closing price of $42.01. The stock has traded between $41.97 and $43.27 so far today. Volume today is 1,863,613 compared to average volume of 2,075,329.

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. Click Here to get the full Stock Report for Alaska Air Group, Inc. stock.