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Alaska Air Group Inc. (ALK) Is Now En Route to Higher Prices

Alaska Air Group Inc. (NYSE: ALK) is -4.30% lower on its value in year-to-date trading and has touched a low of $30.75 and a high of $57.18 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ALK stock was last observed hovering at around $38.17 in the last trading session, with the day’s loss setting it -0.78%.

Currently trading at $37.39, the stock is -7.84% and -10.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.94 million and changing -2.04% at the moment leaves the stock -2.84% off its SMA200. ALK registered -30.44% loss for a year compared to 6-month gain of -1.48%.

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The stock witnessed a -8.76% loss in the last 1 month and extending the period to 3 months gives it a -12.19%, and is -6.73% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.41% over the week and 2.46% over the month.

Alaska Air Group Inc. (ALK) has around 26043 employees, a market worth around $4.74B and $10.46B in sales. Current P/E ratio is 19.95 and Fwd P/E is 5.99. Profit margin for the company is 2.34%. Distance from 52-week low is 21.59% and -34.61% from its 52-week high. The company has generated returns on investments over the last 12 months (3.34%).

The EPS is expected to grow by 2.71% this year.

Alaska Air Group Inc. (ALK) Top Institutional Holders

The shares outstanding are 126.89M, and float is at 126.35M with Short Float at 6.82%.

Alaska Air Group Inc. (ALK) Insider Activity

The most recent transaction is an insider sale by HARRISON ANDREW R,the company’sEVP AND CCO. SEC filings show that HARRISON ANDREW R sold 6,500 shares of the company’s common stock on Feb 28 ’24 at a price of $38.36 per share for a total of $0.25 million. Following the sale, the insider now owns 26048.0 shares.

Alaska Air Group Inc. disclosed in a document filed with the SEC on Dec 07 ’23 that MINICUCCI BENITO (CEO AND PRESIDENT) bought a total of 56 shares of the company’s common stock. The trade occurred on Dec 07 ’23 and was made at $36.27 per share for $2031.0. Following the transaction, the insider now directly holds 0.12 million shares of the ALK stock.

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