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

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.

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

As of November 7, 2024, ALK stock price declined to $50.99 with 1,464,130 million shares trading.

ALK has a beta of 0.50, meaning it tends to be less sensitive to market movements. ALK has a correlation of 0.03 to the broad based SPY ETF.

ALK has a market cap of $6.43 billion. This is considered a Mid Cap stock.

Last quarter Alaska Air Group reported $3 billion in Revenue and $2.25 earnings per share. This beat revenue expectation by $122 million and exceeded earnings estimates by $.29.

In the last 3 years, ALK traded as high as $61.55 and as low as $30.75.

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

ALK has outperformed the market in the last year with a price return of +55.3% while the SPY ETF gained +38.3%. ALK has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +51.8% and +11.3%, respectively, while the SPY returned +14.4% and +3.0%, respectively.

ALK support price is $50.49 and resistance is $52.75 (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 shares will trade within this expected range on the day.