ALASKA AIR GROUP INC (NYSE: ALK) stock closed at $34.08 on 12/4/23 after a major decline of -14.2%. Moreover, this decline was accompanied by exceptionally high trading volume at 826% of normal. The stock has declined -8.4% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
ALK is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
ALASKA AIR GROUP INC has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. ALASKA AIR GROUP INC has a neutral Appreciation Score of 55 but a poor Power Rating of 18, resulting in the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment