Stocks of Southwest Airlines Co (NYSE:LUV) traded higher last session on Wall Street, up 1.53% to $33.28.
LUV stock price is now 4.37% away from the 50-day moving average and 14.62% away from the 200-day moving average. The market capitalization of the company currently stands at $20.26B.
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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 $2.97 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 $31.8858 and a two-hundred day moving average price translates $29.0339 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.
