JetBlue Airways Corp. COO Robert Alan Maruster Sells 82,824 Shares (JBLU)
JetBlue Airways Corp. (NASDAQ:JBLU) COO Robert Alan Maruster sold 82,824 shares of the stock on the open market in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $10.05, for a total value of $832,381.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
JetBlue Airways Corp. (NASDAQ:JBLU) traded up 1.59% on Wednesday, hitting $10.21. The stock had a trading volume of 15,103,393 shares. JetBlue Airways Corp. has a 1-year low of $5.95 and a 1-year high of $10.09. The stock’s 50-day moving average is $8.69 and its 200-day moving average is $8.71. The company has a market cap of $3.030 billion and a P/E ratio of 20.76. JetBlue Airways Corp. also was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 44,070,749 shares, a decline of 6.7% from the April 30th total of 47,233,982 shares. Approximately 17.8% of the company’s shares are short sold. Based on an average daily trading volume, of 7,819,518 shares, the short-interest ratio is currently 5.6 days.
JetBlue Airways Corp. (NASDAQ:JBLU) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.09 by $0.08. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company posted $0.05 earnings per share. JetBlue Airways Corp.’s revenue was up 3.8% compared to the same quarter last year. On average, analysts predict that JetBlue Airways Corp. will post $0.68 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of JetBlue Airways Corp. from an “outperform” rating to a “neutral” rating in a research note on Friday, May 30th. They now have a $10.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of JetBlue Airways Corp. from a “neutral” rating to an “overweight” rating in a research note on Thursday, May 1st. They now have a $10.00 price target on the stock, up previously from $9.50. They noted that the move was a valuation call. Finally, analysts at Argus upgraded shares of JetBlue Airways Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, April 16th. They now have a $10.00 price target on the stock, up previously from $8.80. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. JetBlue Airways Corp. has a consensus rating of “Hold” and a consensus target price of $9.94.
JetBlue Airways Corporation (NASDAQ:JBLU) is a passenger airline that operates primarily on point-to-point routes with its fleet of 120 Airbus A320 aircraft and 49 EMBRAER 190 aircraft.
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