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12/07/2023 16:10:00 EST
Alaska Air Group Inc (ALK)
Industry: Airlines
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 30 trading days, ALK has been trading in a range between $37.31 and $31.08 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
ALK is trading between resistance at $36.84 about 2% to the upside and support at $31.08 -14% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $42.77, about a 19% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Alaska Air Group Inc (ALK) entered a Green zone 1 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 4.571, which is a Strong Buy. The current analyst target price is $51.58, which gives it a potential upside of 43.4 % from the recent price of 35.97. The stock is trading 58.97% (potential upside) below its 52 week high of $57.18 and 16.98 % (potential downside) above its 52 week low of $30.75 - based on the recent price.
Company Summary
Alaska Air Group, Inc, through its subsidiaries, operated airlines. The company operates through three segments: Mainline, Regional, and Horizon.
News
| Alaska Air Group (ALK) Increases Despite Market Slip: Here's What You Need to Know The latest trading day saw Alaska Air Group (ALK) settling at $35.67, representing a +0.28% change from its previous close. Source: Zacks Investment Research Wed, 06 Dec 2023 19:32:07 -0500 Sentiment: Negative |
| US airlines' plans for growth constrained by antitrust concerns Shortages of new planes, jet engines and pilots have left U.S. airlines with little choice but to pursue growth through acquisitions - which puts them in the crosshairs of anti-trust regulators. Source: Reuters Wed, 06 Dec 2023 10:51:25 -0500 Sentiment: Negative |
| Alaska Airlines Pilot Charges Reduced, FAA Forms Mental Health Panel Recent incidents raise questions on managing the stress and mental health impact of safety-critical aviation roles, including pilots and air traffic controllers. Source: Forbes Wed, 06 Dec 2023 07:51:27 -0500 Sentiment: Neutral |
| The Alaska-Hawaiian airlines deal isn't like other deals the DOJ has challenged: Peter Mucchetti Peter Mucchetti, Clifford Chance partner and former DOJ antitrust attorney, joins 'Squawk Box' to discuss Alaska Airline's $1.9 billion deal to buy Hawaiian Airlines, the regulatory pushback the merger might face, the state of airlines mergers at large, and more. Source: CNBC Television Tue, 05 Dec 2023 09:25:20 -0500 Sentiment: Neutral |
| HAWAIIAN HOLDINGS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Hawaiian Holdings, Inc. - HA NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Hawaiian Holdings, Inc. (NasdaqGS: HA) to Alaska Air Group, Inc. (NYSE: ALK). Under the terms of the proposed transaction, shareholders of Hawaiian will receive $18.00 in cash for each share of Hawaiian that they own. KSF is seeking to determine whether this consideration and the process that led to it are ade. Source: Business Wire Mon, 04 Dec 2023 19:03:00 -0500 Sentiment: Neutral |
Technicals 52 Week Hi: 57.18 52 Week Low: 30.75 Beta: 1.607 50 Day MA: 34.7352 200 Day MA: 42.6791 Earnings / Revenue Trends Qtr Earnings Growth YOY: 2.484 Qtr Revenue Growth YOY: 0.004 Forward PE: 6.7295 Trailing PE: 17.7463