JetBlue Airways Corp (NASDAQ: JBLU) stock closed at $5.17 on 1/9/24 after a major decline of -10.2%. Moreover, trading volume in this decline was unusually high at 199% of normal. The stock has declined -6.8% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, JBLU is expected to continue to be a modest Value Builder.
JetBlue Airways has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. JetBlue Airways has a very high Appreciation Score of 89 but a very low Power Rating of 3, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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