Southwest Airlines (LUV) Strong In Pre-Market Trading

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Trade-Ideas LLC identified Southwest Airlines ( LUV) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Southwest Airlines as such a stock due to the following factors:

  • LUV has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $167.3 million.
  • LUV traded 21,897 shares today in the pre-market hours as of 8:30 AM.
  • LUV is up 4.3% today from yesterday's close.

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More details on LUV:

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 stock currently has a dividend yield of 0.9%. LUV has a PE ratio of 23.2. Currently there are 10 analysts that rate Southwest Airlines a buy, 2 analysts rate it a sell, and 1 rates it a hold.

The average volume for Southwest Airlines has been 6.0 million shares per day over the past 30 days. Southwest Airlines has a market cap of $19.4 billion and is part of the services sector and transportation industry. The stock has a beta of 0.94 and a short float of 2.4% with 2.38 days to cover. Shares are up 48.9% year-to-date as of the close of trading on Tuesday.

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