Stocks Retreat on New Development: Southwest Airlines Co. (NYSE:LUV), Legg Mason, Inc. (NYSE:LM)

Several matter pinch shares of Southwest Airlines Co. (NYSE:LUV) [Trend Analysis], as shares moving down -0.85% to $55.88 with a share volume of 12.48 Million. Southwest Airlines Co (LUV) cut its forecast for a key revenue measure on Friday, citing “unexpected softness” in demand for last-minute flight bookings in the second half of February. The No. 4 airline by passenger traffic said it expects first-quarter operating unit revenue to fall in the 2-3 percent range, compared with its previous forecast of flat to down 1 percent.

Unit revenue compares sales to the number of seats an airline flies and how far it flies them. The stock is going forward its 52-week low with 58.81% and moving down from its 52-week high price with -6.20%. To have technical analysis views, liquidity ratio of a company was calculated 0.70 as evaluated with its debt to equity ratio of 0.42. The float short ratio was 1.61%, as compared to sentiment indicator; Short Ratio was 1.81.

Shares of Legg Mason, Inc. (NYSE:LM) [Trend Analysis] runs in leading trade, it plunging -0.71% to traded at $36.25. The firm has price volatility of 1.57% for a week and 2.09% for a month. Its beta stands at 2.00 times. Legg Mason, Inc. (LM) declared preliminary assets under management of approximately $722.9 billion as of February 28, 2017. This month’s AUM included long-term inflows of $3.8 billion, driven by net inflows in fixed income of $3.3 billion and equities of $0.7 billion, partially offset by alternatives[1]outflows of $0.2 billion. Liquidity outflows were $1.3 billion and this month’s foreign exchange impact was immaterial. Narrow down four to firm performance, its weekly performance was -2.19% and monthly performance was 5.16%. The stock price of LM is moving down from its 20 days moving average with -1.12% and isolated positively from 50 days moving average with 6.78%.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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