Back to top

Tale of the Tape

Zacks Equity Research

Allegiant (ALGT) Falls: Stock Tumbles 8.6%
January 31, 2014

ALGT UAL SAVE LUV

 ZacksTrade Now

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Allegiant Travel Company (ALGT - Snapshot Report) saw a big move last session, as the company’s shares fell by nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for ALGT, as the stock is now down by over 16% since Jan 3.

This slump shouldn’t be too much of a surprise to investors, as the airline company has seen 3 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

ALGT currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Investors interested in the airline industry may consider better-ranked stocks like United Continental Holdings, Inc. (UAL - Analyst Report), Spirit Airlines, Inc. (SAVE - Snapshot Report) and Southwest Airlines Co. (LUV - Analyst Report). All these stocks carry a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GROUP DXYN 15.63 +6.47%
BOFL HOLDING BOFI 85.73 +5.50%
CELL THERAPE CTIC 3.14 +5.04%
RAMBUS INC RMBS 12.28 +4.13%
SHORETEL INC SHOR 8.03 +3.08%