News stories about Alaska Air Group (NYSE:ALK) have been trending positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alaska Air Group earned a news sentiment score of 0.35 on Accern’s scale. Accern also assigned news headlines about the transportation company an impact score of 47.3769334361967 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Alaska Air Group reports 2017 operational results (financial-news.co.uk)
- Alaska Airlines to give San Jose flyers access to second Seattle area airport (finance.yahoo.com)
- Investors watching summary on Alaska Air Group, Inc. (ALK) – Wall Street Morning (wallstreetmorning.com)
- Recent Institutional Activity: Western Digital Corporation (WDC), Alaska Air Group, Inc. (ALK) – Market Movers (financialqz.com)
- The 10 Most Undervalued Stocks Kicking Off Earnings Season (benzinga.com)
Shares of Alaska Air Group (NYSE ALK) traded down $0.46 during mid-day trading on Wednesday, hitting $70.82. The stock had a trading volume of 2,275,614 shares, compared to its average volume of 1,740,000. The stock has a market cap of $8,710.00, a P/E ratio of 11.35 and a beta of 1.03. Alaska Air Group has a fifty-two week low of $61.10 and a fifty-two week high of $101.43. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68.
Several research firms have commented on ALK. Morgan Stanley set a $78.00 price objective on Alaska Air Group and gave the company a “buy” rating in a research note on Thursday, November 16th. Imperial Capital reduced their price objective on Alaska Air Group from $85.00 to $70.00 and set a “line” rating for the company in a research note on Thursday, October 26th. JPMorgan Chase & Co. downgraded Alaska Air Group from an “overweight” rating to a “neutral” rating and set a $74.00 price objective for the company. in a research note on Wednesday, November 1st. ValuEngine raised Alaska Air Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Bank of America downgraded Alaska Air Group from a “buy” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $88.89.
In other news, CEO David L. Campbell sold 4,934 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $68.00, for a total transaction of $335,512.00. Following the completion of the transaction, the chief executive officer now directly owns 9,648 shares of the company’s stock, valued at approximately $656,064. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Andrew R. Harrison sold 540 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $65.53, for a total value of $35,386.20. Following the transaction, the executive vice president now directly owns 20,788 shares of the company’s stock, valued at $1,362,237.64. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.
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Alaska Air Group Company Profile
Alaska Air Group, Inc is the holding company of Alaska Airlines (Alaska), Virgin America Inc, Horizon Air (Horizon) and other business units. The Company operates through three segments: Mainline, Regional and Horizon. Its Mainline segment includes Alaska’s and Virgin America’s scheduled air transportation for passengers and cargo throughout the United States, and in parts of Canada, Mexico, Costa Rica and Cuba.
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