Shares of Southwest Airlines Co. (NYSE:LUV) [Trend Analysis] runs in leading trade, it plunging -0.56% to trade at $49.92. The firm has price volatility of 1.42% for a week and 2.30% for a month. Its beta stands at 0.92 times. Southwest Airlines Co. (LUV) reported that its Facilities Maintenance Technicians have rejected the tentative contract negotiators reached in late October. The five-year deal would have become the group’s first contract since being accreted into the Aircraft Mechanics Fraternal Association (AMFA).
According to the Aircraft Mechanics Fraternal Association (AMFA), 34 of 37 eligible Employees voted on the contract, with 19 voting against it.”I appreciate the time and effort negotiators spent creating an entirely new contract,” said Senior Director Corporate Facilities John Zuzu. “The Company will take a step back to assess the results of the vote and determine how we might structure a contract that respects and serves the interests of both the Company and our Employees.” Narrow down four to firm performance, its weekly performance was -0.89% and monthly performance was 6.49%. The stock price of LUV is moving up from its 20 days moving average with 0.76% and isolated positively from 50 days moving average with 8.96%.
RMG Networks Holding Corporation (NASDAQ:RMGN) [Trend Analysis] luring active investment momentum, shares a decrease -2.67% to $0.68. RMG Networks Holding Corporation (NASDAQ:RMGN) declared the closing of its previously declared rights offering and related sale of shares to certain existing stockholders pursuant to a standby purchase contract. The Company issued an aggregate of 7,741,908 shares of its common stock at a price of $0.62 per share for gross proceeds of approximately $4.8 million.
The Company expects the net proceeds of the Rights Offering to be approximately $4.5 million following the deduction of estimated fees and expenses. The Company expects to utilize the net proceeds of the Rights Offering for general working capital purposes. Monarch Capital Group, LLC acted as dealer-manager for the Rights Offering. The total volume of 3106 shares held in the session was surprisingly higher than its average volume of 110.01 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 89.40%, and looking further price to next year’s EPS is 33.30%. While take a short look on price to sales ratio, that was 0.66.