Meaningful negative changes in ALASKA AIR GROUP INC (NYSE: ALK) fundamentals have recently occurred: the stock’s power rating fell below 50, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
ALASKA AIR GROUP INC (NYSE: ALK). Important negative changes in investment behavior have recently occurred: negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, ALK is expected to continue to be a major Value Builder.
ALASKA AIR GROUP INC has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. ALASKA AIR GROUP INC has a good Appreciation Score of 83 but a neutral Power Rating of 50, producing the Highest Value Trend Rating.
Recent Price Action
ALASKA AIR GROUP INC (NYSE: ALK) stock declined by -4.7% on 8/5/24. The shares closed at $32.92. Moreover, above average trading volume at 126% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -16.6% during the last week.
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