Southwest Airlines Co. (LUV) Rises: Stock Moves 8.4% Higher – Tale of the Tape

January 23, 2015 Technicals 0

Zacks

Southwest Airlines Co. (LUV) was a big mover last session, as the company saw its shares rise more than 8% on the day. The rise came after the company reported impressive fourth-quarter 2014 results, wherein both revenues of $4.6 billion and earnings per share of 59 cents surpassed estimates, resulting in far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $38.90 to $42.69 over the past one-month time frame.

The stock has witnessed seven upward estimate revisions in the past 60 days. The Zacks Consensus Estimate has also moved up over the same time frame, suggesting that more solid trading could be ahead for Southwest Airlines. So make sure to keep an eye on this stock going forward to see if the latest jump can turn into more strength down the road.

Southwest Airlines sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is negative.

Another stock worth considering in the trans-airline industry is Alaska Air Group, Inc. (ALK), carrying the same rank as Southwest Airlines.

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