Southwest Airlines Company (NYSE:LUV) traded at a new 52-week high today of $59.84. This new high was reached on below average trading volume as 5.1 million shares traded hands, while the average 30-day volume is approximately 8.5 million shares.
Southwest Airlines is the largest domestic carrier in the United States, as measured by the number of originating passengers boarded. Southwest operates over 700 aircraft in an all-Boeing 737 fleet. Despite expanding into longer routes and business travel, the airline still specializes in short-haul leisure flights, using a point-to-point network. Southwest operates a low-cost carrier business model.
Over the past year, Southwest Airlines Company has traded in a range of $22.46 to $59.84 and is now at $57.90, 158% above that low.
There is potential upside of 0.2% for shares of Southwest Airlines Company based on a current price of $57.90 and an average consensus analyst price target of $57.99.
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