Southwest Airlines Co (NYSE:LUV) shares, rose in value on Friday, January 03, with the stock price down by -1.59% to the previous day’s close as strong demand from buyers drove the stock to $32.84.
Actively observing the price movement in the recent trading, the stock is buoying the session at $33.37, falling within a range of $32.35 and $33.52. The value of beta (5-year monthly) is 1.153. Referring to stock’s 52-week performance, its high was $36.12, and the low was $23.58. On the whole, LUV has fluctuated by -0.42% over the past month.
With the market capitalization of Southwest Airlines Co currently standing at about $19.70 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.72, with its dividend yield at 2.19%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LUV’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about N/A, with the price of LUV currently trading nearly -1.98% and 1.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.88, while the 7-day volatility ratio is showing 1.64% which for the 30-day chart, stands at 2.37%. Furthermore, Southwest Airlines Co (LUV)’s beta value is 1.15, and its average true range (ATR) is 0.79.
A comparison of Southwest Airlines Co (LUV) with its peers suggests the former has fared considerably weaker in the market. LUV showed an intraday change of -1.59% in today’s session so far, and over the past year, it grew by 20.25%%.
Data on historical trading for Southwest Airlines Co (NYSE:LUV) indicates that the trading volumes over the past 10 days have averaged 5.57 and over the past 3 months, they’ve averaged 6.88 million. According to company’s latest data on outstanding shares, there are 599.74 million shares outstanding.
Nearly 1.06% of Southwest Airlines Co’s shares belong to company insiders and institutional investors own 90.34% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 33.89 million shares as on 2024-12-13, resulting in a short ratio of 4.95. According to the data, the short interest in Southwest Airlines Co (LUV) stood at 717.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 34.51 million. The stock has fallen by -2.32% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LUV stock heading into the next quarter.
