JBLU Jets Higher on Raymond James Upgrade

JBLU is seeing attractively priced premiums at the moment

Deputy Editor
Apr 5, 2021 at 9:30 AM
facebook twitter linkedin

The shares of JetBlue Airways Corporation (NASDAQ:JBLU) are up 3.6% to trade at $21.10 at last check, after Raymond James upgraded the stock to "outperform" from "market perform." The firm cited recovery in international travel, sees long-term growth due to its transatlantic route, and noted that the company's daily bookings accelerated towards the end of March. 

On the charts, today's pop has JBLU hitting the $21 level, home to its March 15 nearly three-year high of $21.73 -- an area that has rejected the equity's highest rallies since March of 2018. With the 40-day moving average swooping in to catch the stock's most recent pullback, JetBlue stock is up 151.2% year-over-year. 

There are still plenty of room for upgrades amongst the brokerage bunch, as coming into today, six of the 11 analysts in coverage carried a "hold" or worse rating on JBLU. Plus, the 12-month consensus price target of $18.77 is a 7.9% discount to current levels. 

Lastly, now is a good time to weigh in on the security's next move with options. The stock's Schaeffer's Volatility Index (SVI) of 41% sits in the lowest percentile of its annual range, implying that options players are pricing in low volatility expectations at the moment. 



Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 


300x250 - Banner 3 - v1