CEO Hayes Robin sale 1,000 shares of JetBlue Airways Corporation [JBLU]

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. JetBlue Airways Corporation shares valued at $10,970 were sold by Hayes Robin on May 02. At $10.97 per share, Hayes Robin sold 1,000 shares. The insider’s holdings dropped to 583,298 shares worth approximately $4.46 million following the completion of this transaction.


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Also, Hayes Robin sold 1,000 shares, netting a total of over 12,610 in proceeds. Following the sale of shares at $12.61 each, the insider now holds 582,776 shares.

Before that, Hayes Robin had sold 1,000 shares from its account. In a trade valued at $15,020, the CEO traded JetBlue Airways Corporation shares for $15.02 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $4.46 million.

As of July 12, 2022, Susquehanna has decreased its “Positive” rating to a “Neutral” for JBLU. Earlier on April 27, 2022, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for JBLU stock which previously was a “an Overweight”.

Analyzing JBLU’s Price Performance

On Wednesday, JetBlue Airways Corporation [NASDAQ: JBLU] plunged -3.54% to $7.64. The stock’s lowest price that day was $7.64, but it reached a high of $7.97 in the same session. During the last five days, there has been a drop of approximately -4.26%. Over the course of the year, JetBlue Airways Corporation shares have dropped approximately -46.35%. Shares of the company reached a 52-week high of $16.39 on 02/16/22 and a 52-week low of $7.50 on 09/06/22. A 50-day SMA is recorded $8.30, while a 200-day SMA reached $11.52. Nevertheless, trading volume fell to 12.74 million shares from 10.38 million shares the previous day.

Support And Resistance Levels for JetBlue Airways Corporation (JBLU)

According to the 24-hour chart, there is a support level at 7.53, which, if violated, would cause prices to drop to 7.42. In the upper region, resistance lies at 7.86. The next price resistance is at 8.08. RSI (Relative Strength Index) is 40.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 86.54%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is JetBlue Airways Corporation subject to short interest?

Stocks of JetBlue Airways Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.69 million shares to 12.97 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 14.66 million shares. A decline of -13.03% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.2 of the overall float, the days-to-cover ratio (short ratio) decline to 1.2.

Which companies own the most shares of JetBlue Airways Corporation (JBLU)?

According to The Vanguard Group, Inc. filings, the company currently owns 29,366,713 shares, which is about 9.07% of the total JBLU shares outstanding. The investor’s shares have appreciated by 381,239 from its previous 13-F filing of 28985474.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $192,478,187. Fidelity Management & Research Co reduced a -44.33% interest valued at $146.55 million while Dimensional Fund Advisors LP purchased a 6,232,409 stake. A total of 4,395,993 shares of JetBlue Airways Corporation were bought by Wellington Management Co. LLP during the quarter, and -317,069 were sold by SSgA Funds Management, Inc. In its current portfolio, US Global Investors, Inc. holds 8,400,096 shares valued at $65.44 million.

In terms of JetBlue Airways Corporation share price expectations, FactSet research, analysts set an average price target of $9.65 in the next 12 months, up nearly 26.26% from the previous closing price of $7.92. Analysts anticipate JetBlue Airways Corporation stock to reach $14.00 by 2022, with the lowest price target being $6.00. On April 22, 2022, Deutsche Bank assigned a price target of “a Hold” to the stock and downgraded coverage with a $16.

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