Alaska Air Group Inc. ($ALK) Stock Forecast: Down 5.0% Today

What is Alaska Air Group Inc.?

Alaska Air Group, Inc. (ALK) is a major airline company operating primarily in the United States and Canada. Today, the stock experienced a strong bearish movement in the market.

Why is Alaska Air Group Inc. going down?

ALK stock is down 5.0% on Feb 21, 2025 18:06

• The decrease in Alaska Air Gr's short percent of float indicates a potential lack of market support, which could have contributed to the bearish movement.
• Despite outperforming the market over the past 15 years, the recent market conditions might have influenced the stock's downward trend today.
• The stock hitting a 52-week high previously might have led to profit-taking by investors, causing the bearish movement as they lock in their gains.
• Overall, the combination of reduced short interest, profit-taking from reaching a high, and general market conditions could have influenced Alaska Air Gr's bearish movement today.

ALK Price Chart

ALK Technical Analysis

ALK News

Is Alaska Air Gr Gaining or Losing Market Support? - Alaska Air Gr ( NYSE:ALK )

Alaska Air Gr's ALK short percent of float has fallen 7.78% since its last report. The company recently reported that it has 5.97 million shares sold short, which is 6.52% of all regular shares that are available for trading.

https://www.benzinga.com/insights/short-sellers/25/02/43885956/is-alaska-air-gr-gaining-or-losing-market-support

Here's How Much $100 Invested In Alaska Air Gr 15 Years Ago Would Be Worth Today - Alaska Air Gr ( NYSE:ALK )

Alaska Air Gr ALK has outperformed the market over the past 15 years by 3.0% on an annualized basis producing an average annual return of 14.97%. Currently, Alaska Air Gr has a market capitalization of $9.33 billion.

https://www.benzinga.com/insights/news/25/02/43880884/heres-how-much-100-invested-in-alaska-air-gr-15-years-ago-would-be-worth-today

Alaska Air Group, Inc. ( ALK ) Hit a 52 Week High, Can the Run Continue?

Alaska Air (ALK) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

https://www.zacks.com/stock/news/2418523/alaska-air-group-inc-alk-hit-a-52-week-high-can-the-run-continue

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Alaska Air Group Inc. Price History

13.08.2024 - ALK Stock was up 5.2%

• ALK stock surged significantly after the company raised its third-quarter adjusted earnings per share guidance, now expecting a range of $2.15 to $2.25, well above both analyst estimates and its previous guidance.
• The bullish movement can be attributed to Alaska Air Group's optimistic outlook on its financial performance, driven by a solid summer travel surge and improved operational efficiency.
• Despite the overall market remaining flat, ALK stood out with its positive news, attracting investors' attention and boosting confidence in the company's future earnings potential.

13.01.2025 - ALK Stock was down 2.2%

• Despite being highlighted as a bargain stock with fast-paced momentum, ALK experienced a bearish movement in the market.
• When compared to other transportation stocks, ALK may have underperformed, leading to negative sentiment among investors.
• Market perception of ALK may have been indirectly influenced by the positive outlook on C.H. Robinson stock and the negative sentiment towards Schneider National stock.
• Various factors such as industry-specific challenges, global economic conditions, or company-specific news not disclosed elsewhere could have contributed to the bearish trend in ALK's stock price.

05.11.2024 - ALK Stock was up 5.5%

• Recently, ALK has shown strong bullish momentum, with a 46.5% increase in the past 3 months, signaling positive investor sentiment and potential growth opportunities.
• Despite overall market gains, ALK's stock closed slightly lower at $52.60, indicating short-term volatility and some profit-taking behavior among investors.
• The varying stock movements may be due to investors reevaluating ALK's current valuation and future growth potential, resulting in mixed reactions in the stock price.
• It is advisable for investors to monitor developments in the airline industry and ALK's strategic plans closely to make well-informed decisions about their investment in the company.

23.00.2025 - ALK Stock was up 5.0%

• Alaska Air (ALK) experienced a strong bullish movement today due to several factors:
• Q4 revenue exceeding estimates, driven by robust travel demand and operational reliability.
• Confirmation of a $1 billion share buyback plan, indicating confidence in future profitability growth.
• Significant decrease in short interest, reflecting reduced bearish sentiment among investors.
• Positive earnings and revenue surprises in Q4 2024, hinting at a potential upward trend for the stock.
• In conclusion, the combination of strong financial performance, strategic initiatives like the "Alaska Accelerate" program, and positive views from market analysts have likely contributed to ALK's bullish market movement today.

05.08.2024 - ALK Stock was up 5.3%

• Despite a slight decrease in Alaska Air Group's stock price, the overall bullish movement indicates positive momentum in the market.
• The FDI nod for the Vistara-Air India merger involving Singapore Airlines could have boosted investor confidence in the airline industry, including Alaska Air Group.
• The ongoing airline transactions and mergers in the industry, such as the deal with Asiana Airlines Inc., could have created a positive sentiment around airline stocks, including Alaska Air Group.
• The overall market optimism towards the airline sector, driven by strategic investments and mergers, likely contributed to Alaska Air Group's bullish movement today.

12.11.2024 - ALK Stock was up 5.1%

• The bullish movement in Alaska Air Group's stock (ALK) today can be attributed to several factors:
• The company's upward revision of its earnings guidance for the fourth quarter of 2024 has instilled confidence in investors, signaling strong financial performance.
• Alaska Air's 'Accelerate Plan' and ambitious target of achieving $10 earnings per share by 2027 have likely fueled investor optimism and attracted bullish sentiment.
• The positive trend in earnings estimate revisions and the overall positive market sentiment towards the company have contributed to the significant jump in the stock price today.
• Despite a slight -0.33% dip in the stock price in the latest trading session, the overall outlook remains positive, driven by the company's strategic initiatives and strong financial projections.

11.11.2024 - ALK Stock was up 5.9%

• ALK stock experienced a strong bullish movement of 13.16% in Tuesday's trading session.
• The bullish trend was primarily fueled by ALK raising its fourth-quarter 2024 adjusted earnings per share guidance, showing confidence in its financial performance.
• Positive market sentiment was further supported by Alaska Air's 'Accelerate Plan' with a $10 EPS target by 2027, indicating strong growth prospects and financial outlook.
• The stock's significant jump on higher-than-average trading volume and the latest trend in earnings estimate revisions suggest that investors are optimistic about Alaska Air's future performance, contributing to the bullish market movement.

10.11.2024 - ALK Stock was up 11.1%

• Despite a slight decrease in stock price, Alaska Air Group (ALK) managed to maintain a bullish movement today.
• The -0.33% change in stock price could be attributed to minor profit-taking or market corrections after a recent bullish trend.
• Overall, investor sentiment towards Alaska Air Group remains positive, potentially driven by improving travel demand and operational efficiency within the airline industry.
• Investors are closely monitoring ALK's performance amidst ongoing recovery efforts within the aviation sector post-pandemic.

10.11.2024 - ALK Stock was up 11.7%

• ALK stock experienced a strong bullish movement today.
• The stock price surged as Alaska Air Group announced a robust financial outlook for fiscal year 2025, with a projected earnings per share of at least $5.75, exceeding estimates.
• The positive market sentiment was likely driven by investors' optimism towards the company's 'Accelerate Plan' and the target of achieving $10 EPS by 2027.
• The bullish movement showcases investor confidence in Alaska Air's strategic initiatives and future growth prospects, leading to a surge in buying activity and driving the stock price higher.

21.01.2025 - ALK Stock was down 5.0%

• The decrease in Alaska Air Gr's short percent of float indicates a potential lack of market support, which could have contributed to the bearish movement.
• Despite outperforming the market over the past 15 years, the recent market conditions might have influenced the stock's downward trend today.
• The stock hitting a 52-week high previously might have led to profit-taking by investors, causing the bearish movement as they lock in their gains.
• Overall, the combination of reduced short interest, profit-taking from reaching a high, and general market conditions could have influenced Alaska Air Gr's bearish movement today.

31.09.2024 - ALK Stock was up 5.0%

• Alaska Air Group (ALK) surpassed Q3 earnings and revenue expectations, reflecting robust financial performance and favorable investor sentiment.
• The uptrend in the stock price may be linked to optimistic analyst projections for ALK, suggesting a bullish outlook on the company.
• Despite a marginal dip in the most recent trading period, the overall strong financial results and analyst endorsements probably contributed to the bullish momentum observed in ALK stock today.

14.01.2025 - ALK Stock was up 5.2%

• The bullish movement in Alaska Air Group (ALK) stock today can be attributed to the positive investor sentiment surrounding the company's momentum, cost-effective operations, and its ability to outperform others in the transportation sector. The combination of strong momentum and being perceived as a bargain stock likely contributed to the increased buying interest in ALK shares.