28.11.2018 20:28:13

Alaska Air Remains Firmly Positive After Early Rally

(RTTNews) - After moving sharply higher early in the session, shares of Alaska Air Group Inc. (ALK) continue to see significant strength in afternoon trading on Wednesday. Alaska Air is currently up by 4.5 percent.

The advance extends a recent upward trend by Alaska Air, which reached its best intraday level in over ten months earlier in the session.

The early rally by Alaska Air came after Goldman Sachs added the airline to its "Conviction Buy List." Goldman Sachs pointed to several positive factors for Alaska Air, including a favorable 2019 cost outlook.

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Alaska Air Group Inc. 49,41 -10,33% Alaska Air Group Inc.