LUV Stock Summary and Trading Ideas (Southwest Airlines Company | NYSE:LUV)

Southwest Airlines is the largest domestic air carrier in the United States by passengers boarded. Southwest operates over 800 aircraft in an all-Boeing 737 fleet. Despite offering some longer routes and a few perks for business travelers, the airline predominantly specializes in short-haul, leisure flights operated in a single, open-seating cabin configuration in a point-to-point network. In 2025, Southwest will modify its cabins to offer some seats with extra legroom and will update its ticketing process to offer assigned seats.

Southwest Airlines Company trades on the NYSE stock market under the symbol LUV.

As of September 19, 2024, LUV stock price climbed to $29.06 with 1,505,077 million shares trading.

LUV has a beta of 0.61, meaning it tends to be less sensitive to market movements. LUV has a correlation of 0.05 to the broad based SPY ETF.

LUV has a market cap of $17.41 billion. This is considered a Large Cap stock.

Last quarter Southwest Airlines Company reported $7 billion in Revenue and $.58 earnings per share. This beat revenue expectation by $34 million and exceeded earnings estimates by $.07.

In the last 3 years, LUV stock traded as high as $56.33 and as low as $21.91.

The top ETF exchange traded funds that LUV belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

LUV has underperformed the market in the last year with a price return of +2.4% while the SPY ETF gained +30.1%. LUV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.8% and -1.5%, respectively, while the SPY returned +4.6% and +3.8%, respectively.

LUV support price is $28.31 and resistance is $29.49 (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 LUV stock will trade within this expected range on the day.