Shares of SkyWest Inc. (NASDAQ:SKYW) traded today at $58.72, eclipsing its 52-week high. This new high was reached on below average trading volume as 104,000 shares traded hands, while the average 30-day volume is approximately 370,000 shares.
Over the past year, SkyWest Inc. has traded in a range of $10.53 to $58.72 and is now at $57.94, 450% above that low.
SkyWest Inc. (NASDAQ:SKYW) defies analysts with a current price ($57.94) 10.7% above its average consensus price target of $51.74.
SkyWest Inc offers commercial air services in the United States, Canada, Mexico, and the Caribbean. Additionally, it leases aircraft to capable users to help generate revenue. Generally, SkyWest provides regional flights, and utilizes its smaller, lower-cost aircraft to carry passengers that booked tickets through major airlines. It partners with major global carriers to fly and operate aircraft for a fee. SkyWest may use the major carriers’ brand and ground support to coordinate marketing and easily transport passengers. The company has two reportable segments: SkyWest Airlines and SkyWest Leasing.
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