Why JetBlue Stock Was Tanking This Week
JetBlue Airways (NASDAQ: JBLU) stock has taken its investors for quite a ride over the past month or so, at times soaring in reaction to news, at other points diving notably.
The last few trading sessions have leaned heavily toward the latter tendency -- the airline's shares have lost almost 13% of their value week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence. An effective thumbs-down from an influential investment bank before the week kicked off was a major reason for the drop.
That bank is none other than Goldman Sachs, which has relaunched its coverage of U.S. airline stocks. Goldman's Catherine O'Brien is now tracking five of them; she has set buy ratings on three, and sells on the remainder. Unfortunately for JetBlue, it is one of the pair of sells (the other is Southwest Airlines) at a price target of $5.50 per share.
Source Fool.com
Jetblue Airways Corp. Stock
Our community is currently low on Jetblue Airways Corp. with 3 Buy predictions and 12 Sell predictions.
A potential of -39.9%, resulting from comparing the current price of 4.99 € with the target price of 3 € for Jetblue Airways Corp., shows the chance of incurring significant losses.
