In yesterday’s Wall Street session, Southwest Airlines Co (NYSE:LUV) shares traded at $32.47, down -1.04% from the previous session.
LUV stock price is now 2.16% away from the 50-day moving average and 11.77% away from the 200-day moving average. The market capitalization of the company currently stands at $19.47B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On December 06, 2024, TD Cowen reiterated its ‘Hold’ rating on the stock by increasing its target price from $25 to quote $28, while ‘UBS’ rates the stock as ‘Sell’
In other news, Rutherford Linda B., Chief Administration Officer sold 3,849 shares of the company’s stock on Dec 06 ’24. The stock was sold for $132,386 at an average price of $34.40. Upon completion of the transaction, the Chief Administration Officer now directly owns 89,376 shares in the company, valued at $2.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06 ’24, Officer Rutherford Linda B. bought 3,849 shares of the business’s stock. A total of $132,386 was incurred on buying the stock at an average price of $34.40. A total of 1.06% of the company’s stock is owned by insiders.
During the past 12 months, Southwest Airlines Co has had a low of $23.58 and a high of $36.12. 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 $31.7486 and a two-hundred day moving average price translates $29.06025 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. For the current quarter, analysts expect LUV to generate $6.9B in revenue.
