JetBlue Airways Stock Falls On Unusually High Volume (JBLU)

NEW YORK ( TheStreet) -- JetBlue Airways Corporation (Nasdaq: JBLU) is trading at unusually high volume Wednesday with 21.7 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 26 cents (-4.4%) at $5.66 as of 3:55 p.m. ET.

JetBlue Airways has a market cap of $1.64 billion and is part of the services sector and transportation industry. Shares are up 13.8% year to date as of the close of trading on Tuesday.

JetBlue Airways Corporation provides passenger air transportation services in the United States. The company has a P/E ratio of 23, below the average transportation industry P/E ratio of 24 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates JetBlue Airways as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full JetBlue Airways Ratings Report.

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