Price Action Alert: What’s Next for Southwest Airlines Co After Today’s Significant Increase?

Price Action Alert: What's Next for Southwest Airlines Co After Today's Significant Increase?

The stock of Southwest Airlines Co (NYSE:LUV) is a huge mover today! About 4.53 million shares traded hands. Southwest Airlines Co (NYSE:LUV) has declined 1.65% since April 11, 2016 and is downtrending. It has underperformed by 7.79% the S&P500.
The move comes after 6 months positive chart setup for the $27.52B company. It was reported on Nov, 11 by Barchart.com. We have $69.01 PT which if reached, will make NYSE:LUV worth $16.24 billion more.

Southwest Airlines Co (NYSE:LUV) Ratings Coverage

Out of 11 analysts covering Southwest Airlines Co. (NYSE:LUV), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. Southwest Airlines Co. has been the topic of 26 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The company was downgraded on Wednesday, July 27 by JP Morgan. As per Friday, June 24, the company rating was maintained by Cowen & Co. The stock has “Strong-Buy” rating given by Vetr on Tuesday, August 18. The firm has “Equal-Weight” rating given on Thursday, January 7 by Morgan Stanley. The rating was initiated by Imperial Capital on Friday, September 9 with “Outperform”. JP Morgan upgraded the stock to “Overweight” rating in Thursday, July 30 report. The firm earned “Buy” rating on Tuesday, July 26 by Evercore. The rating was maintained by Cowen & Co on Friday, July 22 with “Outperform”. The firm has “Outperform” rating given on Tuesday, October 11 by Bernstein. The firm has “Neutral” rating by Buckingham Research given on Friday, July 22.

According to Zacks Investment Research, “Southwest Airlines is a major domestic airline that provides primarily shorthaul, high-frequency, point-to-point, low-fare service. Southwest operates over Boeing 737 aircraft in numerous cities. Southwest has the lowest operating cost structure in the domestic airline industry and consistently offers the lowest and simplest fares. Southwest also has one of the best overall Customer Service records.”

Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.09, from 0.98 in 2016Q1. The ratio fall, as 75 funds sold all Southwest Airlines Co shares owned while 260 reduced positions. 66 funds bought stakes while 233 increased positions. They now own 471.95 million shares or 5.42% less from 499.00 million shares in 2016Q1.
Ngam Ltd Partnership holds 105,521 shares or 0.06% of its portfolio. The Georgia-based Herndon Cap Mngmt Ltd Company has invested 0% in Southwest Airlines Co (NYSE:LUV). Utah Retirement holds 0.12% of its portfolio in Southwest Airlines Co (NYSE:LUV) for 116,874 shares. St Johns Investment Ltd Llc reported 14,417 shares or 0.51% of all its holdings. Quantres Asset Mngmt has 0.19% invested in the company for 7,600 shares. Moreover, Old Mutual Customised Solutions (Proprietary) Ltd has 0.03% invested in Southwest Airlines Co (NYSE:LUV) for 3,100 shares. Allstate Corp last reported 7,929 shares in the company. Alps Advisors Inc holds 0% or 10,247 shares in its portfolio. Advance Capital I accumulated 0.82% or 19,600 shares. Montag A Assoc accumulated 43,175 shares or 0.22% of the stock. Exane Derivatives last reported 0% of its portfolio in the stock. The Ontario – Canada-based Canada Pension Plan Investment Board has invested 0.08% in Southwest Airlines Co (NYSE:LUV). Ubs Oconnor Limited Liability owns 142,500 shares or 0% of their US portfolio. Hap Trading Limited Liability Company accumulated 401,174 shares or 0.92% of the stock. Oakbrook Invests Ltd Limited Liability Company owns 75,550 shares or 0.16% of their US portfolio.

Insider Transactions: Since May 26, 2016, the stock had 3 insider buys, and 3 sales for $450,876 net activity. Another trade for 4,200 shares valued at $150,247 was made by Van de Ven Michael G on Wednesday, August 3. 1,210 shares were sold by MONTFORD JOHN T, worth $52,404. KELLY GARY C had bought 28,106 shares worth $1.00M. CUNNINGHAM WILLIAM H DR bought $204,046 worth of Southwest Airlines Co (NYSE:LUV) on Wednesday, August 3. $784,250 worth of shares were sold by Lamb Jeff on Thursday, May 26. Another trade for 1,776 shares valued at $66,820 was sold by Shaw Mark R.

More notable recent Southwest Airlines Co (NYSE:LUV) news were published by: Fool.com which released: “Why Southwest Airlines Co Stock Was Falling Today” on October 26, 2016, also Reuters.com with their article: “Southwest Airlines pilots approve new contract” published on November 07, 2016, Prnewswire.com published: “Southwest Airlines Flight Attendants Approve Tentative Agreement” on October 31, 2016. More interesting news about Southwest Airlines Co (NYSE:LUV) were released by: Prnewswire.com and their article: “Southwest Airlines Honored Among Military Friendly® Employers” published on November 10, 2016 as well as Seekingalpha.com‘s news article titled: “Is Southwest Airlines Ready To Fly? (Part 2)” with publication date: November 03, 2016.

LUV Company Profile

Southwest Airlines Co. (Southwest), incorporated on March 9, 1967, operates Southwest Airlines. Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Firm serves approximately 100 destinations in over 40 states, such as the District of Columbia, the Commonwealth of Puerto Rico, and approximately seven near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, and Belize. The Firm added its first three destinations in Central America (San Jose, Costa Rica, Belize City, Belize, and Liberia, Costa Rica) and also commenced Southwest service to a fourth destination in Mexico (Puerto Vallarta). Southwest operates a total of approximately 704 Boeing 737 aircraft. The Firm also added approximately 20 domestic nonstop destinations from Dallas Love Field. Southwest offers a total of 180 weekday departures to over 50 nonstop destinations from Dallas Love Field. In addition, the Company added over eight international nonstop destinations from a newly constructed five-gate international terminal at Houston’s William P. Hobby Airport.

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