Republic Airways Holdings Inc. (RJET) was a big mover last session, as the company saw its shares rise nearly 82% on the day. Shares moved up after the company inked a tentative agreement with its pilots union regarding pilot-contract negotiations that began in 2007. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.88 to $3.45 in the past one-month time frame.
This airline industry stock witnessed one negative estimate revision over the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Republic Airways Holdings carries a Zacks Rank #4 (Sell), while its Earnings ESP is negative.
However, a better-ranked stock in the same space is Alaska Air Group, Inc. (ALK), sporting a Zacks Rank #1 (Strong Buy).
Is RJET going up? Or down? Predict to see what others think: Up or Down
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