The price of Southwest Airlines Co (NYSE:LUV) shares last traded on Wall Street rose 2.48% to $31.39.
LUV stock price is now 5.02% away from the 50-day moving average and 8.17% away from the 200-day moving average. The market capitalization of the company currently stands at $18.83B.
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On October 09, 2024, Jefferies Upgraded its previous ‘Underperform’ rating to ‘Hold’ on the stock increasing its target price from $24 to quote $32, while ‘TD Cowen’ rates the stock as ‘Hold’
In other news, Elliott Investment Management , 10% Owner sold 1,203,920 shares of the company’s stock on Oct 28 ’24. The stock was sold for $35,912,934 at an average price of $29.83. Upon completion of the transaction, the 10% Owner now directly owns 59,912,580 shares in the company, valued at $1.88 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 01 ’24, Director GANGWAL RAKESH bought 643,788 shares of the business’s stock. A total of $19,300,400 was incurred on buying the stock at an average price of $29.98. This leaves the insider owning 3,606,311 shares of the company worth $113.2 million. A total of 1.05% of the company’s stock is owned by insiders.
During the past 12 months, Southwest Airlines Co has had a low of $22.58 and a high of $35.18. As of last week, the company has a debt-to-equity ratio of 0.87, a current ratio of 0.88, and a quick ratio of 0.83. The fifty day moving average price for LUV is $29.8426 and a two-hundred day moving average price translates $29.0169 for the stock.
The latest earnings results from Southwest Airlines Co (NYSE: LUV) was released for 2024-09-30. The net profit margin was -0.06% and return on equity was -0.15% for LUV. The company reported revenue of $6.87 billion for the quarter, compared to $6.53 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.29 percent.
