Economy

What Does Insider Trading Tell Us About JetBlue Airways Corporation (JBLU)?

In recent trading day JetBlue Airways Corporation (JBLU) stock showed the move of -1.14% with the closing price of $19.16. Bank of America Corporation lifted their target price on JetBlue Airways Corporation from $27.00 to $28.00 and gave the company a "buy" rating in a report on Friday, June 30th. Buckingham Research downgraded the stock to "Neutral" rating in Wednesday, July 26 report.

Covering sell-side analysts have recently weighed in on shares of JetBlue Airways Corporation (NASDAQ:JBLU). Zacks Investment Research lowered JetBlue Airways Corporation from a buy rating to a hold rating in a research note on Monday, August 7th. Quantbot Technologies LP purchased a new stake in shares of JetBlue Airways Corporation in the first quarter valued at $138,000. Morgan Stanley has "Equal-Weight" rating and $24 target. The stock now has Monthly Volatility of 2.41% and Weekly Volatility of 2.06%.

JetBlue Airways Corporation is a passenger carrier company.

Analyzing the technical facts of JetBlue Airways Corporation (JBLU), its current distance from 20-Day Simple Moving Average is -1.86% and standing -9.93% away from 50-Day Simple Moving Average while traded down -10.11% from 200-Day Simple Moving Average. The stock has a 50-day moving average price of $20.42 and a 200 day moving average price of $21.43. JetBlue Airways Corporation has a 12 month low of $16.81 and a 12 month high of $24.13. The company has market cap of $6.29 billion.

JetBlue Airways Corporation (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, July 25th. Share performance for the month is now at -0.88%. JetBlue Airways Corporation had a net margin of 9.78% and a return on equity of 16.75%. The firm's revenue was up 12.1% compared to the same quarter past year. (NASDAQ:CTG) to report $0.06 EPS on October, 24.They anticipate $0.02 EPS change or 50.00% from last quarter's $0.04 EPS.

WARNING: This report was originally posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are viewing this news story on another website, it was illegally copied and republished in violation of United States & worldwide trademark & copyright laws. The shares were sold on September 7th for an average price of $18.79. Following the sale, the director now owns 560,182 shares of the company's stock, valued at approximately $12,957,009.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The Kennedy Capital Management Inc holds 142,481 shares with $6.10 million value, down from 171,427 last quarter. The total value of its holdings increased 54,200.4%. Following the completion of the sale, the chief executive officer now owns 406,362 shares in the company, valued at approximately $8,952,154.86. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.

These funds have shifted positions in (JBLU). UBS Asset Management Americas Inc. increased its holdings in shares of JetBlue Airways Corporation by 6.5% in the fourth quarter. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Mik Capital LLC expanded its investment by buying 850,419 shares an increase of 91.5%. The total number of shares traded in the last 90-day period is 31,860.

As of the end of the quarter Point72 Asset Management, L.p. had bought a total of 1,354,900 shares growing its position 114.4%. Canada Pension Plan Investment Board now owns 173,400 shares of the transportation company's stock worth $3,574,000 after acquiring an additional 99,400 shares in the last quarter. Acadian Asset Management Ltd has 33,947 shares for 0% of their portfolio. Ltd. acquired a new position in shares of JetBlue Airways Corporation during the first quarter worth about $392,000. Investors and traders may be looking to figure out if a stock is trending before employing a specific trading strategy. Quantitative Systematic Strategies Limited Liability Company reported 0.08% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). The Business's segments include Domestic, and Caribbean & Latin America.



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