JetBlue Airways Corp. COO Sells $832,381 in Stock (JBLU)

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JetBlue Airways Corp. (NASDAQ:JBLU) COO Robert Alan Maruster sold 82,824 shares of JetBlue Airways Corp. stock on the open market in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $10.05, for a total transaction of $832,381.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of JetBlue Airways Corp. (NASDAQ:JBLU) opened at 10.28 on Friday. JetBlue Airways Corp. has a 52 week low of $5.95 and a 52 week high of $10.38. The stock has a 50-day moving average of $8.79 and a 200-day moving average of $8.73. The company has a market cap of $3.051 billion and a price-to-earnings ratio of 21.22. JetBlue Airways Corp. also was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 44,070,749 shares, a decrease of 6.7% from the April 30th total of 47,233,982 shares. Based on an average daily trading volume, of 7,819,518 shares, the short-interest ratio is currently 5.6 days. Currently, 17.8% of the shares of the company are short sold.

JetBlue Airways Corp. (NASDAQ:JBLU) last released its earnings data on Thursday, April 24th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.09 by $0.08. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts predict that JetBlue Airways Corp. will post $0.68 earnings per share for the current fiscal year.

JBLU has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of JetBlue Airways Corp. from an “outperform” rating to a “neutral” rating in a research note on Friday, May 30th. They now have a $10.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of JetBlue Airways Corp. from a “neutral” rating to an “overweight” rating in a research note on Thursday, May 1st. They now have a $10.00 price target on the stock, up previously from $9.50. They noted that the move was a valuation call. Finally, analysts at Argus upgraded shares of JetBlue Airways Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, April 16th. They now have a $10.00 price target on the stock, up previously from $8.80. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. JetBlue Airways Corp. presently has a consensus rating of “Hold” and an average target price of $9.94.

JetBlue Airways Corporation (NASDAQ:JBLU) is a passenger airline that operates primarily on point-to-point routes with its fleet of 120 Airbus A320 aircraft and 49 EMBRAER 190 aircraft.

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