SkyWest Inc. SKYW was a big mover last session with its shares rising over 11% on the day. This led to far more shares changing hands yesterday than in a normal session. This breaks the recent trend of the company as the stock is trading above the past one month’s volatile price range of $16.18 to $17.43.
This regional airline company in the U.S. has seen two positive estimate revisions in the last 7 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
SkyWest currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.
Investors interested in the airlines industry may also consider JetBlue Airways Corp. JBLU which carries the same Zacks Rank as SkyWest.
Is SKYW going up? Or down? Predict to see what others think: Up or Down
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