Southwest Airlines (LUV) Down In Early Morning Trading

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Trade-Ideas LLC identified Southwest Airlines ( LUV) as a pre-market laggard 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 $407.4 million.
  • LUV traded 52,040 shares today in the pre-market hours as of 9:26 AM.
  • LUV is down 2.1% 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 and near-international markets. As of December 31, 2014, it operated 665 Boeing 737 aircraft; and had 12 Boeing 717 aircraft. The stock currently has a dividend yield of 0.9%. LUV has a PE ratio of 16. Currently there are 9 analysts that rate Southwest Airlines a buy, 1 analyst rates it a sell, and 4 rate it a hold.

The average volume for Southwest Airlines has been 8.6 million shares per day over the past 30 days. Southwest Airlines has a market cap of $22.8 billion and is part of the services sector and transportation industry. The stock has a beta of 0.86 and a short float of 2.3% with 1.12 days to cover. Shares are down 19.2% year-to-date as of the close of trading on Tuesday.

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