Alaska Air Group, Inc. (ALK) failed to extend gains with the stock declining -1.08% or $-1.06 to close the day at $97.35 on lower than average trading volume of 1.26M shares, compared to its three month average trading volume of 1.27M. The Seattle Washington 98188 based company has been outperforming the regional airlines companies by 33.3733% for last three months and its recent gains have pushed the stock slightly up 9.71% YTD, versus the regional airlines industry which is up 4.83% for the same period. The RSI of 63.08 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.
Alaska Air Group, Inc., through its subsidiaries, provides passengers and cargo air transportation services primarily in the United States. The company operates through three segments: Alaska Mainline, Alaska Regional, and Horizon. It has a network of approximately 1,200 daily flights to 118 destinations across the United States, Mexico, Canada, Costa Rica, and Cuba. The company was founded in 1932 and is based in Seattle, Washington.
Fortive Corporation (FTV) had a light trading with around 1.25M shares changing hands compared to its three month average trading volume of 1.61M. The stock traded between $56.68 and $57.42 before closing at the price of $57.15 with 0.23% change on the day. The Everett Washington 98203 based company is currently trading 23.79% above its 52 week low of $46.29 and 0% below its 52 week high of $57.42. Both the RSI indicator and target price of 70.67 and $58.29 respectively, lead us to believe that it could drop over the coming weeks.
Fortive Corporation, through its subsidiaries, manufactures and markets industrial products. The company offers field instrumentation, sensing, product realization, and automation and specialty solutions. Fortive Corporation was founded in 2016 and is based in Everett, Washington. Fortive operates independently of Danaher Corp. as of July 02, 2016.
Praxair, Inc. (PX) traded within a range of $115.76 to $116.58 after opening the day at $116.2. The company has seen its stock decrease in value by -0.82% so far this year. The stock was up close to 0.41% on light volume in last trading session and closed at $116.23 per share. After the recent gain, the stock is currently holding -6.63% below its 52 week high of $125 and 18.39% above its 12-month low of $100.8. The shares are down by over -1.45% in the last three months, and the RSI indicator value of 40.25 is neither bullish nor bearish, tempting investors to stay on the sidelines.
Praxair, Inc. produces, sells, and distributes atmospheric, process, and specialty gases, as well as surface coatings in North America, Europe, South America, and Asia. The company offers atmospheric gases, such as oxygen, nitrogen, argon, and rare gases; and process gases comprising carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs, engineers, and builds equipment that produces industrial gases; and manufactures precious metal and ceramic sputtering targets used primarily in the production of semiconductors. In addition, the company supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders to the aircraft, energy, printing, primary metals, petrochemical, textile, and other industries. Further, it provides electric arc, plasma and wire spray, and high-velocity oxy-fuel equipment; and distributes hardgoods and welding equipment purchased from independent manufacturers. The company sells its products primarily through independent distributors. It serves various industries, such as healthcare, petroleum refining, manufacturing, beverage carbonation, fiber-optics, steel making, aerospace, chemicals, and water treatment. Praxair, Inc. was founded in 1907 and is headquartered in Danbury, Connecticut.