Why JetBlue Airways Stock Was Down Today
Tuesday was a down day on Wall Street for airlines, and JetBlue Airways (NASDAQ: JBLU) fell more than most. Shares of JetBlue closed off 4% despite no negative company news.
Airline stocks have come a long way in a short amount of time, and investors on Tuesday were giving the rally a rest.
Airline stocks were among the big losers in the pandemic, with JetBlue, for example, losing more than half its value in March 2020. The stocks slowly recovered some of those losses later in the year as conditions stabilized, and have been rallying so far this year on optimism that as vaccines become more widespread, people will travel this summer.
Source Fool.com
