JetBlue Airways Target of Unusually Large Options Trading (JBLU)
Shares of JetBlue Airways (NASDAQ:JBLU) were the recipient of some unusual options trading on Monday. Investors acquired 5,734 put options on the stock, StockRatingsNetwork.com reports. This represents an increase of 1,058% compared to the average volume of 495 put options.
In other JetBlue Airways news, EVP James G. Hnat sold 6,000 shares of the stock on the open market in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $10.72, for a total value of $64,320.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on JBLU shares. Analysts at Imperial Capital raised their price target on shares of JetBlue Airways from $10.00 to $20.00 in a research note on Wednesday, August 6th. They now have an “outperform” rating on the stock. Separately, analysts at Argus raised their price target on shares of JetBlue Airways from $10.00 to $14.00 in a research note on Friday, August 1st. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of JetBlue Airways from $10.00 to $13.50 in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.06.
Shares of JetBlue Airways (NASDAQ:JBLU) traded up 2.44% on Monday, hitting $11.74. The stock had a trading volume of 10,944,370 shares. JetBlue Airways has a 1-year low of $6.04 and a 1-year high of $11.59. The stock has a 50-day moving average of $10.83 and a 200-day moving average of $9.39. The company has a market cap of $3.426 billion and a price-to-earnings ratio of 10.94.
JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.19 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.19. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Analysts expect that JetBlue Airways will post $0.69 EPS for the current fiscal year.
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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