A company insider recently sold 1,000 shares of JetBlue Airways Corporation [JBLU]. Should You also Consider to Sale?


JetBlue Airways Corporation’s filing revealed that its CEO Hayes Robin unloaded Company’s shares for reported $10970.0 on May 02. In the deal valued at $10.97 per share,1,000 shares were sold. As a result of this transaction, Hayes Robin now holds 583,298 shares worth roughly $ 4.94 million.

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Then, Hayes Robin sold 1,000 shares, generating $12,610 in total proceeds. Upon selling the shares at $12.61, the CEO now owns 582,776 shares.

Before that, Hayes Robin sold 1,000 shares. JetBlue Airways Corporation shares valued at $15,020 were divested by the CEO at a price of $15.02 per share. As a result of the transaction, Hayes Robin now holds 583,926 shares, worth roughly $4.95 million.

Cowen downgraded its JetBlue Airways Corporation [JBLU] rating to a Market perform from a an Outperform in a research note published on Tuesday, December 15, 2022; the price target was decreased to $9 from $10. PT values the company’s stock at a premium of 5.89 to its Tuesday closing price. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early December with a ‘”a Neutral”‘ rating.

Price Performance Review of JBLU

On Tuesday, JetBlue Airways Corporation [NASDAQ:JBLU] saw its stock fall -2.08% to $8.47. On the same session, the stock had its day’s lowest price of $8.42, but rose to a high of $8.69. Over the last five days, the stock has gained 0.36%. JetBlue Airways Corporation shares have risen nearly 30.71% since the year began. Nevertheless, the stocks have fallen -38.49% over the past one year. While a 52-week high of $16.39 was reached on 01/20/23, a 52-week low of $6.18 was recorded on 01/03/23. SMA at 50 days reached $7.54, while 200 days put it at $8.53. A total of 7.61 million shares were traded, compared to the trading of 11.17 million shares in the previous session.

Levels Of Support And Resistance For JBLU Stock

The 24-hour chart illustrates a support level at 8.36, which if violated will result in even more drops to 8.26. On the upside, there is a resistance level at 8.63. A further resistance level may holdings at 8.80. The Relative Strength Index (RSI) on the 14-day chart is 69.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.49%. Stochastics %K at 89.27% indicates the stock is a selling.

How much short interest is there in JetBlue Airways Corporation?

A steep rise in short interest was recorded in JetBlue Airways Corporation stocks on Oct 13, 2022, dropping by -1.65 million shares to a total of 14.47 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 16.12 million shares. There was a decline of -11.4%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.00% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.15.

JetBlue Airways Corporation [JBLU] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 30,182,678 shares, or roughly 9.32% of the outstanding JBLU shares. In other words, the investor’s shares have risen by 815,965 from its previous 13-F filing of 29366713.0. Additionally, BlackRock Fund Advisors decreased -0.45% of its stake after which the total value it holdings stand at $159,392,558, while Wellington Management Co. LLP reduced -3.03% of its stake to hold $91.72 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 233,473 shares of JetBlue Airways Corporation, while US Global Investors, Inc. bought -24,575 shares. At present, Dimensional Fund Advisors LP is holding 8,175,219 shares valued at $52.98 million. Donald Smith & Co., Inc. owned 8,095,247 shares of the company at the time of its most recent 13F filing, worth $52.46 million.


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