Southwest Airlines ( (LUV) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Southwest Airlines’ stock has taken a hit as uncertainty and fear overshadow its strong earnings report, which showed improved revenue and a shift from a net loss to a net profit. Analyst David Vernon from Bernstein has lowered the price target, reflecting concerns about the airline industry’s long-term stability, despite optimism for recovery if durability is proven.
More about Southwest Airlines
YTD Price Performance: -12.50%
Average Trading Volume: 8,280,438
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $17.31B
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