Streetbeat News

ALK

Alaska Air Group, Inc.

https://www.alaskaair.com

Industry

Airlines, Airports & Air Services

Alaska Air Group, Inc., through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It flies to approximately 120 destinations throughout North America. Alaska Air Group, Inc. was founded in 1932 and is based in Seattle, Washington.

Open

52.93

Mkt cap

6.8B

Volume

1.8M

High

54.00

P/E Ratio

21.00

52-wk high

54.00

Low

52.93

Div yield

N/A

52-wk low

32.00

Recent insider sales have been reported for Marriott International, MACOM Technology Solutions, Alaska Air, and Carvana. These sales come amidst various company-specific news, including financial results and analyst upgrades. Insider trading can indicate various strategic decisions or perspectives on the company's stock value.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 1:15 pm

Alaska Air Group's (NYSE:ALK) short interest has increased by 7.01% since the last report, with 3.22 million shares sold short, representing 2.9% of available shares. The current short interest suggests a bearish market sentiment towards ALK, although it has less short interest compared to its peers' average of 9.17%. The article suggests that an increase in short interest does not necessarily predict a near-term price fall.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 7:15 pm

Ryanair Holdings Plc is facing potential disruptions to its summer schedule due to Boeing Co's delivery delays of the 737 Max 10 models, with an expected reduction from 57 to around 50 aircraft by the end of June. This situation may lead to minor schedule cuts and a decrease in passenger forecast from 205 million to 200 million for the financial year starting in April. CEO Michael O'Leary expressed frustration and is discussing compensation with Boeing, also hinting at possible ticket price increases.

Portfolio Pulse from Vandana Singh

February 26, 2024 | 6:20 pm

Deutsche Bank analyst Michael Linenberg upgraded Alaska Air Group Inc (ALK), JetBlue Airways Corp (JBLU), and Southwest Airlines Co (LUV) to Buy, citing a more balanced domestic supply backdrop and various company-specific factors. Linenberg increased price targets for ALK to $51, JBLU to $9, and LUV to $42. The upgrades were based on expectations of benefits from seasonal shaping initiatives for ALK, management changes and activist involvement for JBLU, and network restructuring for LUV. The overall domestic airline industry is expected to see moderate growth in 2024.

Portfolio Pulse from Lekha Gupta

February 20, 2024 | 7:06 pm

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including notable changes for Iovance Biotherapeutics, Southwest Airlines, Ball Corporation, Alaska Air Group, W.W. Grainger, DraftKings, ADC Therapeutics, Hudson Pacific Properties, JetBlue Airways, and Synopsys. These adjustments reflect analysts' latest views on these companies' stock performance potential.

Portfolio Pulse from Avi Kapoor

February 20, 2024 | 1:38 pm

Alaska Airlines has introduced an exclusively brewed beer, presented in a unique can, as part of its premium beverage offerings. This move aims to enhance the in-flight experience for passengers, potentially attracting more customers who value unique and premium beverage options during their flights.