Alaska Air Group Inc. (ALK) Dips 2.89% for March 05

Alaska Air Group Inc. (ALK) Dips 2.89% for March 05

Among the S&P 500’s biggest fallers on Tuesday March 05 was Alaska Air Group Inc. (ALK). The stock experienced a 2.89% decline to $57.78 with 3.62 million shares changing hands.

Alaska Air Group Inc. started at an opening price of 59.76 and hit a high of $59.77 and a low of $57.62. Ultimately, the stock took a hit and finished the day at $1.72 per share. Alaska Air Group Inc. trades an average of 1.68 million shares a day out of a total 123.12 million shares outstanding. The current moving averages are a 50-day SMA of $62.94 and a 200-day SMA of $63.25. Alaska Air Group Inc. hit a high of $74.83 and a low of $57.28 over the last year.

Alaska Air Group Inc operates an airline network in the United States (extensively in Alaska), Canada, Mexico, and other regions. With two subsidiaries, Alaska Airlines and Horizon Air, it has established an expansive network, with the majority of revenue generated by transporting passengers. The company has multiple agreements with other airlines to address specific needs, such as frequent-flier programs and joint itineraries. It reports in three operating segments: Alaska mainline (approximately three fourths of revenue), Alaska regional, and Horizon. Majority of its business is conducted in the northwestern part of the United States. Its Seattle hub accounts for approximately half of total passengers.

With its headquarters located in Seattle, WA, Alaska Air Group Inc. employs 23,376 people. After today’s trading, the company’s market cap has fallen to $7.11 billionAs for its value, has a P/E ratio of <17.4, a P/S of 0.96, a P/B of 1.9, and a P/FCF of 98.

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