Southwest Airlines Rises On Unusually High Volume (LUV)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Southwest Airlines (NYSE: LUV) is trading at unusually high volume Wednesday with 14 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up 33 cents (+2.4%) at $14.31 as of 3:26 p.m. ET.

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Southwest Airlines has a market cap of $10.08 billion and is part of the services sector and transportation industry. Shares are up 36.5% year to date as of the close of trading on Tuesday.

Southwest Airlines Co. operates passenger airlines that provide scheduled air transportation services in the United States. As of December 31, 2012, the company operated 694 aircraft, including 606 Boeing 737 aircraft and 88 Boeing 717 aircraft. The company has a P/E ratio of 27.4, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Southwest Airlines as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Southwest Airlines Ratings Report.

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