Why JetBlue Stock Plummeted Today
Shares of JetBlue Airways (NASDAQ: JBLU) fell Tuesday. The stock lost 25.7% as of market close but was down as much as 28.9% earlier in the day. The move down comes as the S 500 and Nasdaq composite gained 0.9% and 2%, respectively.
JetBlue reported earnings Tuesday morning. Despite exceeding expectations, the company reported weak guidance, disappointing investors.
The budget airline reported sales of $2.27 billion for the fourth quarter of 2024, losing $0.21 a share. The loss was significantly less than Wall Street's expected $0.29 a share. JetBlue's capacity declined; its top-line revenue was smaller year over year as well.
Source Fool.com
Jetblue Airways Corp. Stock
€4.21
-0.440%
With 9 Sell predictions and only 1 Buy predictions the community sentiment for Jetblue Airways Corp. is rather negative.
This results in a negative potential of -28.72% based on a current price of 4.21 € and a target price of 3 € for the stock.
