Recoiled Stocks in Momentum: Southwest Airlines Co. (NYSE:LUV), Vonage Holdings Corp. (NYSE:VG)

Shares of Southwest Airlines Co. (NYSE:LUV) [Trend Analysis] runs in leading trade, it moving up 4.55% to traded at $49.85. The firm has price volatility of 2.90% for a week and 2.66% for a month. Its beta stands at 0.91 times. Southwest Airlines Co. (LUV) declared that it flew 10.4 billion income passenger miles or RPMs in November 2016, an increase of 7.2 percent from the 9.7 billion RPMs flown in November 2015.Accessible seat miles (ASMs) increased 4.9 percent to 12.3 billion in November 2016, compared with November 2015 ASMs of 11.7 billion.

The November 2016 load factor was a record for the month of November at 85.1 percent, compared with 83.3 percent in November 2015. Narrow down four to firm performance, its weekly performance was 7.18% and monthly performance was 20.17%. The stock price of LUV is moving up from its 20 days moving average with 8.19% and isolated positively from 50 days moving average with 17.43%.

Vonage Holdings Corp. (NYSE:VG) [Trend Analysis] luring active investment momentum, shares an advance 1.79% to $6.81. VNA Health Group, the state’s largest non-profit provider of home health, hospice and home-based primary care has partnered with Vonage (NYSE:VG), a leader in cloud communications for business. VNA plans to sublet space in the Vonage Technology Center of Excellence based in Holmdel, NJ to house its headquarters and several other offices.

“The board trustees and staff of VNA Health Group are looking forward to this new chapter in our organization’s history,” said Dr. Steven Landers, President and CEO of VNA Health Group. “The Vonage partnership will help us advance state-of-the-art connected health solutions that will better link patients, their caregivers, and doctors with our clinicians.” The aging infrastructures of VNA Health Group’s current offices are struggling to support the organization’s technology requirements and growing workforce. “A dedicated, entrepreneurial workforce deserves an innovative, creative workplace where they can thrive and grow professionally,” said Dr. Landers. The total volume of 2.37 Million shares held in the session was surprisingly higher than its average volume of 2773.99 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -19.50%, and looking further price to next year’s EPS is -19.63%. While take a short look on price to sales ratio, that was 1.60 and price to earning ratio of 72.45 attracting passive investors.

 

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