Alaska Air Group ( ALK) pushed the Transportation industry higher today making it today's featured transportation winner. The industry as a whole closed the day up 0.4%. By the end of trading, Alaska Air Group rose $1.61 (2.9%) to $57.54 on heavy volume. Throughout the day, 1,560,838 shares of Alaska Air Group exchanged hands as compared to its average daily volume of 1,033,200 shares. The stock ranged in a price between $55.15-$57.94 after having opened the day at $55.63 as compared to the previous trading day's close of $55.93. Other companies within the Transportation industry that increased today were: Era Group ( ERA), up 25.7%, Eagle Bulk Shipping ( EGLE), up 8.0%, Golar LNG ( GLNG), up 7.8% and TOP Ships ( TOPS), up 6.4%.
Alaska Air Group, Inc., through its subsidiaries, provides scheduled air transportation for passengers and cargo. Alaska Air Group has a market cap of $3.7 billion and is part of the services sector. Shares are up 20.6% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Alaska Air Group a buy, 2 analysts rate it a sell, and 3 rate it a hold. TheStreet Ratings rates Alaska Air Group as a buy. 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.