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ALK Stock Summary and Trading Ideas (Alaska Air Group | NYSE:ALK)

Charts for Today's Stock Price and Implied Volatility in Alaska Air Group

24-May-2024

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30-Day Implied Volatility | IV30 Full Chart

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Alaska Air Group (ALK) Frequently Asked Questions

What does Alaska Air Group do?

Alaska Air Group Inc operates two airlines, Alaska and Horizon in three operating segments. The Mainline segment includes scheduled air transportation on Alaska's Boeing and Airbus jet aircraft for passengers and cargo throughout the U.S., and in parts of Mexico, and Costa Rica. The Regional segment includes Horizon's and other third-party carriers' scheduled air transportation for passengers across a shorter distance network within the U.S. and Canada under capacity purchase agreements (CPA). The Horizon segment includes the capacity sold to Alaska under a CPA. It earns revenues from Passenger tickets, including ticket breakage and net of taxes and fees, Passenger ancillary and Mileage Plan passenger revenue.

What symbol and exchange does Alaska Air Group stock trade?

Alaska Air Group trades on the NYSE stock market under the symbol ALK.

What is Alaska Air Group stock price doing today?

As of May 24, 2024, ALK stock price climbed to $42.70 with 983,046 million shares trading.

What is Alaska Air Group's Beta?

ALK has a beta of 0.97, meaning it tends to be less sensitive to market movements. ALK has a correlation of 0.12 to the broad based SPY ETF.

How much is Alaska Air Group worth?

ALK has a market cap of $5.42 billion. This is considered a Mid Cap stock.

How much money does Alaska Air Group make?

Last quarter Alaska Air Group reported $2 billion in Revenue and -$.92 earnings per share. This beat revenue expectation by $42 million and exceeded earnings estimates by $.13.

What is the highest and lowest price Alaska Air Group traded in the last 3 year period?

In the last 3 years, ALK stock traded as high as $70.90 and as low as $30.75.

What are the top ETFs holding Alaska Air Group?

The top ETF exchange traded funds that ALK belongs to (by Net Assets): IJR, VTI, VB, VBR, VXF.

Is Alaska Air Group (ALK) a good investment?

ALK has underperformed the market in the last year with a price return of -3.0% while the SPY ETF gained +30.4%. However, in the short term, ALK had mixed performance relative to the market. It has outperformed in the last 3 months, returning +10.5% vs +4.6% return in SPY. But in the last 2 weeks, ALK shares have been beat by the market, returning -2.4% compared to an SPY return of +1.7%.

What is the support and resistance for Alaska Air Group (ALK) stock price?

ALK support price is $41.69 and resistance is $43.01 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALK stock will trade within this expected range on the day.