Streetbeat News

ELALF

El Al Israel Airlines Ltd

https://www.elal.com

CEO

Gonen Usishkin

Industry

Scheduled Passenger Air Transportation

Open

1.98

Mkt cap

946M

Volume

332

High

2.25

P/E Ratio

2.21

52-wk high

2.25

Low

1.98

Div yield

N/A

52-wk low

0.85

The Israeli Defense Forces and Shin Bet security agency have successfully rescued a soldier captured by Hamas. Israeli Prime Minister Benjamin Netanyahu has rejected the idea of a ceasefire. U.S. Senate Minority Leader Mitch McConnell is advocating for combined aid for Ukraine and Israel, despite House GOP efforts to pursue a separate Israel aid package offset by budget cuts. El Al Israel Airlines Ltd. (OTCPK: ELALF) has altered its flight routes to southeast Asia, extending flight durations. The Israeli shekel rose 1.2% and the iShares MSCI Israel ETF (NYSE:EIS) rallied 4.1%. Cathie Wood’s ARK Israel Innovative Technology ETF (NYSE:IZRL) rose 1.6%. U.S. stocks also saw gains, with the SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ Trust (NASDAQ:QQQ) up 1.1%.

Portfolio Pulse from Piero Cingari

October 30, 2023 | 6:45 pm

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