Southwest Airlines Co. (NYSE: LUV). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, its longer term price trend turned down, and negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, LUV is expected to continue to be an important Value Builder.
Southwest Airlines Co has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Southwest Airlines Co has a neutral Appreciation Score of 52 and a neutral Power Rating of 41, resulting in the Low Neutral Value Trend Rating.
Recent Price Action
Southwest Airlines Co. (NYSE: LUV) stock closed at $28.17 on 3/19/24 after a modest gain of 0.6%. However, trading volume in this advance was below average at 73% of normal. The stock has been weak relative to the market over the last nine months and has declined -16.6% during the last week.
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