Could JetBlue Airways Corporation See a Reversal After Today’s Strong Options Activity?

 Could JetBlue Airways Corporation See a Reversal After Today's Strong Options Activity?

In today’s session JetBlue Airways Corporation (JBLU) registered an unusually high (663) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious JBLU increase. With 663 contracts traded and 36824 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: JBLU161216C00018000 closed last at: $0.5 or 11.1% up. About 2.87 million shares traded hands. JetBlue Airways Corporation (NASDAQ:JBLU) has declined 15.33% since April 5, 2016 and is downtrending. It has underperformed by 17.29% the S&P500.

JetBlue Airways Corporation (NASDAQ:JBLU) Ratings Coverage

Out of 7 analysts covering Jetblue Airways (NASDAQ:JBLU), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $43 is the highest target while $21 is the lowest. The $27.86 average target is 54.52% above today’s ($18.03) stock price. Jetblue Airways has been the topic of 14 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Evercore upgraded JetBlue Airways Corporation (NASDAQ:JBLU) on Friday, January 29 to “Buy” rating. The stock of JetBlue Airways Corporation (NASDAQ:JBLU) has “Neutral” rating given on Wednesday, October 28 by Credit Suisse. Cowen & Co upgraded it to “Outperform” rating and $24 target price in Wednesday, April 27 report. The company was upgraded on Friday, April 15 by Barclays Capital. Argus Research maintained JetBlue Airways Corporation (NASDAQ:JBLU) rating on Tuesday, September 8. Argus Research has “Buy” rating and $29 price target. Barclays Capital maintained JetBlue Airways Corporation (NASDAQ:JBLU) on Thursday, September 17 with “Equal-Weight” rating. The rating was downgraded by JP Morgan to “Neutral” on Tuesday, October 13. Imperial Capital maintained the stock with “Outperform” rating in Friday, October 28 report. The stock of JetBlue Airways Corporation (NASDAQ:JBLU) earned “Hold” rating by Evercore on Friday, September 4. Imperial Capital initiated the shares of JBLU in a report on Friday, September 16 with “Outperform” rating.

According to Zacks Investment Research, “JetBlue Airways is a low-fare, low-cost passenger airline, which provides high-quality customer service primarily on point-to-point routes and is based in New York’s John F. Kennedy International Airport.”

Insitutional Activity: The institutional sentiment increased to 0.91 in Q2 2016. Its up 0.05, from 0.86 in 2016Q1. The ratio is positive, as 68 funds sold all JetBlue Airways Corporation shares owned while 124 reduced positions. 44 funds bought stakes while 131 increased positions. They now own 251.88 million shares or 5.90% less from 267.66 million shares in 2016Q1.
Jpmorgan Chase And has invested 0.01% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). Alps Advsrs holds 0% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU) for 22,582 shares. Point72 Asia (Hong Kong) Limited has invested 0.18% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). J Goldman & Limited Partnership has 0.65% invested in the company for 750,409 shares. Jane Street Gru Ltd Liability owns 15,292 shares or 0% of their US portfolio. Kings Point Cap Management has invested 0% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). Highland Mngmt Limited Com accumulated 0.29% or 204,850 shares. Moreover, Gotham Asset Mgmt Limited Liability Company has 0.11% invested in JetBlue Airways Corporation (NASDAQ:JBLU) for 537,104 shares. Hancock Holdg has 126,449 shares for 0.09% of their US portfolio. Chicago Equity Prtn Limited Company holds 0.28% or 583,990 shares in its portfolio. Cubist Systematic Strategies Ltd Liability Com last reported 0.06% of its portfolio in the stock. Sii Inc Wi holds 0.12% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU) for 88,639 shares. Fmr Ltd holds 21.84M shares or 0.05% of its portfolio. Brown Brothers Harriman last reported 532 shares in the company. Csat Investment Advisory L P has invested 4.57% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU).

Insider Transactions: Since May 18, 2016, the stock had 0 buys, and 17 insider sales for $1.46 million net activity. $16,868 worth of JetBlue Airways Corporation (NASDAQ:JBLU) was sold by HNAT JAMES G on Wednesday, June 15. 13,500 shares with value of $236,250 were sold by CHECKETTS DAVID W on Tuesday, November 1. $80,904 worth of JetBlue Airways Corporation (NASDAQ:JBLU) was sold by Hayes Robin on Wednesday, July 6. $88,818 worth of shares were sold by PETERSON JOEL CLINTON on Monday, October 3. On Friday, September 16 St George Martin J sold $155,073 worth of the stock or 9,000 shares.

JetBlue Airways Corporation is a passenger carrier company. The company has a market cap of $6.13 billion. The Firm provides air transportation services across the United States, the Caribbean and Latin America. It has a 8 P/E ratio. It operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190.

JBLU Company Profile

JetBlue Airways Corporation (JetBlue), incorporated on August 24, 1998, is a passenger carrier company. The Firm provides air transportation services across the United States, the Caribbean and Latin America. The Firm operates various types of aircrafts, including Airbus A321, Airbus A320 and Embraer E190. It also provides premium transcontinental product called Mint. Mint includes approximately 20 fully lie-flat seats, over four of which are in suites with a privacy door. The Firm has installed Fly-Fi in-flight Internet service across its Airbus fleet. The Firm provides three branded fares: Blue, Blue Plus and Blue Flex. Each of these fares include different offerings, such as free checked bags, reduced change fees and additional TrueBlue points. The Firm also accepts Apple Pay in-flight, which enables the iPhone users to use their phones for all onboard purchases. The Company’s Airbus A321 aircraft in a single cabin layout has approximately 190 seats and those with its Mint offering have over 160 seats. The Company’s Airbus A320 aircraft has approximately 150 seats while its Embraer E190 aircraft has over 100 seats.

More news for JetBlue Airways Corporation (NASDAQ:JBLU) were recently published by: Fool.com, which released: “Another Foreign Airline Gets an Assist From JetBlue Airways Corporation” on October 24, 2016. Bloomberg.com‘s article titled: “JetBlue Buys Into Private Jets” and published on October 26, 2016 is yet another important article.

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