Recent trading patterns in the stock of JetBlue Airways Corporation (NASDAQ:JBLU) have investors on high alert. Analysts often look at historical trading patterns to predict a stock’s future performance. In the case of JBLU, the data might be telling investors a thing or two about where the stock is headed. In the most recent quarter, institutional ownership decreased by a net of 2.75 million shares, or 0.98%. This is a bearish sign and indicates that institutions are feeling more pessimistic about the outlook for JBLU overall. 186 holders increased their positions, 190 decreased their positions, and 59 holders held their positions.
Among institutions that increased their positions, 60 were new positions. Among holders that decreased their positions, 51 sold out of the stock JetBlue Airways Corporation. Insider ownership during the latest quarter decreased by a net of 31860 shares, indicating that JBLU’s key executives are feeling more bearish about the stock than they did three months ago. This activity represents a continuation of a theme over the past twelve months. Insider ownership during the last year has decreased by a net of 101323 shares. 16.92% of insider trades in the last 12 months were buys, and 83.08% were sells.
Over the past year, the price of JetBlue Airways Corporation (JBLU) has increased 14.46% while the S&P 500 has increased 19.15%. During the past 20 days, JBLU has increased 5.01% while the broad market has increased 1.82%. JBLU ‘s 20-day moving average currently sits above its 100-day moving average. This is a bullish signal that suggests the stock price might continue to rise. JBLU’s average trading volume during the past 20 days is lower than the average volume over the past 100 days, which could be an indication that investors are feeling less certain than usual about the direction of JBLU’s future price movements.
JetBlue Airways Corporation (NASDAQ:JBLU) has a 20-day RSI of 55.11%. According to this momentum indicator, a reading between 30 and 70 suggests the stock is not especially cheap or expensive, and not on the brink of a trend reversal. The MACD tells a different story. JBLU’s 9-day MACD currently sits below the 20-day MACD, indicating that JBLU’s upside momentum has decreased during the last three weeks. This suggests that the trend might soon reverse. JBLU’s average trading volatility during the past few weeks is 18.08% higher than the average volatility over the past 100 days. This means that the stock’s daily price swings have been more extreme in recent times compared to the past.
Analysts expect JetBlue Airways Corporation (JBLU) to generate earnings per share of $1.82 in 2017. This works out to a decrease of -18.02% compared to last year’s earnings. For comparison’s sake, analysts expect the S&P 500 to grow earnings by an average of 12% in 2017. The average investment rating for JBLU on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 3.83 or a Hold. Three months ago, analysts assigned JBLU a 4.09 rating, which implies that analysts have become more pessimistic about the outlook for the stock over the next year.