Alaska Air Group Inc. (NYSE:ALK) traded today at a new 52-week high of $66.34. This new high was reached on below average trading volume as 1.2 million shares traded hands, while the average 30-day volume is approximately 1.9 million shares.
Alaska Air Group Inc. (NYSE:ALK) defies analysts with a current price ($65.50) 7.8% above its average consensus price target of $60.36.
Over the past year, Alaska Air Group Inc. has traded in a range of $20.02 to $66.34 and is now at $65.50, 227% above that low.
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.
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