Alaska Air Group Inc. (ALK): Today's Featured Transportation Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Transportation industry lower today making it today's featured Transportation laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Alaska Air Group fell $0.79 (-1.3%) to $60.37 on average volume. Throughout the day, 1,033,907 shares of Alaska Air Group exchanged hands as compared to its average daily volume of 1,063,300 shares. The stock ranged in price between $58.67-$61.85 after having opened the day at $61.85 as compared to the previous trading day's close of $61.16. Other companies within the Transportation industry that declined today were:
(
), down 7.1%,
(
), down 4.9%,
(
), down 3.0% and
(
), down 2.8%.
Alaska Air Group, Inc., through its subsidiaries, provides scheduled air transportation for passengers and cargo. Alaska Air Group has a market cap of $4.4 billion and is part of the services sector. Shares are up 43.9% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Alaska Air Group a buy, 1 analyst rates it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Alaska Air Group
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, notable return on equity, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Alaska Air Group Ratings Report.
On the positive front,
(
), up 8.4%,
(
), up 7.2%,
(
), up 6.5% and
(
), up 6.0% , were all gainers within the transportation industry with
(
) being today's featured transportation industry leader.
- Use our transportation section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the transportation industry could consider
iShares Dow Jones Transportation
(
) while those bearish on the transportation industry could consider
ProShares UltraShort Industrials
(
).
- Find other investment ideas from our top rated ETFs lists.
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