Shares of Alaska Air Group Inc. (NYSE:ALK) traded today at $68.95, eclipsing its 52-week high. Approximately 1.2 million shares have changed hands today, as compared to an average 30-day volume of 2 million shares.
Alaska Air Group Inc. (NYSE:ALK) defies analysts with a current price ($68.45) 5.6% above its average consensus price target of $64.60.
Alaska Air Group Inc operates two subsidiaries and offers 46 million passengers yearly service to more than 115 destinations along the West Coast, Mexico, and Canada. Alaska Airlines, its major airline, operates a 233 all-jet fleet, while Horizon Air, its regional airline, flies 65 turboprops and jet aircraft. The firm earns ancillary revenue by providing freight and mail services. Alaska employees 23,000 workers and generates about $8 billion in annual revenue.
Alaska Air Group Inc. share prices have moved between a 52-week high of $68.95 and a 52-week low of $20.02 and are now trading 242% above that low price at $68.45 per share.
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