Virgin America Inc. VA was a big mover last session, as the company saw its shares rise above 10% on the day. The upside was driven by a news report published in Bloomberg stating that the company has received takeover bids from JetBlue Airways Corp. JBLU and Alaska Air. However, none of the companies commented on the matter. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $29.02–$34.72 in the past one-month time frame.
In the last 30 days, the company has seen two downward estimate revisions and the Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Virgin America currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
Is VA going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment