On 8/12/24, JetBlue Airways Corp (NASDAQ: JBLU) stock suffered a major decline of -20.7%, closing at $4.80. Moreover, trading volume in this decline was exceptionally high at 682% of normal. Relative to the market the stock has been strong over the last nine months but has declined -13.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, JBLU is expected to continue to be a modest Value Builder.
JetBlue Airways has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. JetBlue Airways has a neutral Power Rating of 58 but a very high Appreciation Score of 87, and the Highest Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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