Discount Airlines Stock Ready For Take Off

JBLU is poised to trade at its highest level since early August

Deputy Editor
Feb 13, 2024 at 9:12 AM
facebook X logo linkedin

Discount airline JetBlue Airways Corporation (NASDAQ:JBLU) is 17% higher premarket, after activist investor Carl Icahn disclosed a 9.91% stake in the company. Icahn called JetBlue Airways an undervalued and "attractive" stock to invest in, also disclosing discussions with the company's leadership about representation on the board.

Should this positive premarket action keep up, JetBlue Airways stock will open at its highest level since a late-August bear gap of 8.1%. The shares would also be clearing their 200-day moving average, a trendline that's looming above the 9.3% year-to-date rally in 2024. JetBlue stock is down 27% over the last 12 months, resulting in an intriguing entry point for those looking to follow suit. 

Coming into today, analysts were quite pessimistic on the stock, with all but one of the 10 in coverage calling it a "hold" or worse. Further, the 35.27 million shares sold short account for 10.6% of JBLU's total available float.

For those looking to speculate on the security's next move, options may be the way to go. According to JetBlue Airways stock's Schaeffer's Volatility Scorecard (SVS) rating of 83 out of 100, the equity tended to outperform options traders' volatility expectations over the last 12 months.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI