New insider activity at JetBlue Airways ( (JBLU) ) has taken place on February 7, 2025.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Director Mittal Nik recently made a significant investment in JetBlue Airways by purchasing 100,000 shares of the company’s stock. This transaction, valued at $613,550, underscores confidence in the airline’s future prospects.
Recent Updates on JBLU stock
JetBlue Airways recently experienced significant developments affecting its stock. The airline announced an extended partnership with TAP Air Portugal, allowing loyalty program members to earn and redeem points across both networks, marking a first for JetBlue’s European partners. Additionally, Montauk Brewing, a company under Tilray Brands, partnered with JetBlue to offer their beverage on all flights, adding to the brand’s in-flight offerings. However, JetBlue’s stock declined sharply after underwhelming Q4 earnings results and a disappointing Q1 revenue guidance. The decline was further compounded by continued issues with Pratt & Whitney engines, affecting JetBlue’s earnings recovery timeline. Consequently, Susquehanna and UBS both lowered their price targets for JetBlue, citing weaker-than-expected revenue guidance and issues with aircraft engines as primary reasons. Despite the selloff, Deutsche Bank maintains a positive outlook, believing JetBlue’s initiatives will return it to profitability and that the market reaction was overdone.
More about JetBlue Airways
YTD Price Performance: -18.18%
Average Trading Volume: 20,954,241
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.12B