The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Alaska Air Group Inc. (ALK) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.72, or -1.49%, to $47.72. The Alaska Air Group Inc. has recorded 56,118 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Alaska Airlines Flight Pass subscription service turns one.
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The company is listed on the NYSE and operates within the Airlines industry segment. At the end of the last regular session, the stock closed at $48.44 and fluctuated between $48.64 as its day high and $47.85 as its day low. The current market capitalization of Alaska Air Group Inc. is $6.12B. A total of 1.47 million shares were traded on the day, compared to an average of 1.37M shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ALK has seen 1 BUY and 2 SELL insider trades, representing the acquisition of 1,596 and the disposition of 3,886 shares. Over the last 12 months, there were 29 BUYs and 20 SELLs from insiders. Insiders purchased 55,743 shares during that period but sold 21,576.
In the most recent transaction, SCHNEIDER ANDREA L sold 1,596 shares of ALK for 50.81 per share on Jan 27. After the transaction, the SVP PEOPLE now owns 15,747 company shares. In a previous transaction on Sep 08, HARRISON ANDREW R sold 3,275 shares at 45.90 per share. ALK shares that EVP AND CCO owns now total 10,877.
Among the insiders who sold shares, HARRISON ANDREW R disposed of 2,267 shares on Jul 29 at a per-share price of $44.13. This resulted in the EVP AND CCO holding 14,152 shares of ALK after the transaction. In another insider transaction, TACKETT SHANE R sold 2,000 shares at $46.97 per share on Jun 09. Company shares held by the EVP AND CFO now total 9,966.
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. ALK’s most recent ex-dividend date was 2/14/2020 when it declared a $0.3750 quarterly dividend that was paid in cash on 3/5/2020. Previously, the company paid the dividend on 12/5/2019 with an ex-dividend date of 11/18/2019. The ALK stock dividend was $0.35 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ALK in the last 3 months, the mean price target is $65.27 with high estimates of $91.00 and low estimates of $54.00. In terms of 52-week highs and lows, ALK has a high of $61.55 and a low of $38.19.
As of this writing, ALK has an earnings estimate of -$0.41 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of -$0.19 per share and a lower estimate of -$0.75. The company reported an EPS of $2.53 in the last quarter, which was 5.90% higher than expectations of $2.39.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALK is Underweight with a score of 4.75. A total of 12 analysts rated the stock as Buy while 1 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.