In the meantime, BofA Securities upgraded its Jetblue Airways Corp [JBLU] rating to a Neutral from a an Underperform in a research note published on September 09, 2024; the price target was increased to $6 from $3. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early September has reiterated a ‘”a Hold”‘ rating for it. TD Cowen also remained covering JBLU and reiterated its “Hold” recommendation on August 15, 2024. TD Cowen maintained its rating on July 31, 2024. It rated JBLU as “a Hold”.
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Price Performance Review of JBLU
On Tuesday, Jetblue Airways Corp [NASDAQ:JBLU] saw its stock fall -17.08% to $6.07. Over the last five days, the stock has lost -17.64%. Jetblue Airways Corp shares have risen nearly 9.37% since the year began. Nevertheless, the stocks have risen 46.97% over the past one year. While a 52-week high of $8.07 was reached on 10/18/24, a 52-week low of $3.42 was recorded on 08/14/24. SMA at 50 days reached $6.14, while 200 days put it at $6.10.
Levels Of Support And Resistance For JBLU Stock
The 24-hour chart illustrates a support level at 5.80, which if violated will result in even more drops to 5.53. On the upside, there is a resistance level at 6.56. A further resistance level may holdings at 7.06. The Relative Strength Index (RSI) on the 14-day chart is 40.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.56%. Stochastics %K at 30.29% indicates the stock is a holding.
How much short interest is there in Jetblue Airways Corp?
A steep rise in short interest was recorded in Jetblue Airways Corp stocks on 2024-10-15, dropping by -11.77 million shares to a total of 50.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 62.58 million shares. There was a decline of -23.16%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 17, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $4.
