JetBlue Airways Corporation (NASDAQ:JBLU): Stock Hits 52-Week High Amid Insider Selling

Denver, CO, 06/05/2014 (Stocksntrade) – Chief Accounting Officer of JetBlue Airways Corporation (NASDAQ:JBLU) Donald Daniels sold 22,807 shares of the company’s stock in a transaction dated June 02, 2014. The shares were sold at an average price of $9.66, for a total transaction value of $220,315. Following the transaction, Daniels now directly owns 10,538shares of the company’s common stock. This insider transaction has been filed with the SEC.

Chief Operating Officer of the Company Robert Alan Maruster sold 82,824 shares of the company’s stock in a transaction dated June 04, 2014. The shares were sold at an average price of $10.05, for a total transaction value of $832381. This insider transaction has been filed with the SEC.

Chief Financial Officer of JetBlue Airways Corporation (NASDAQ:JBLU) Mark D. Powers sold 21,358 shares of the company’s stock in a transaction dated May 30, 2014. The shares were sold at an average price of $9.55, for a total transaction value of $203,969. Following the transaction, Powers now directly owns 81,901 shares of the company’s common stock. This insider transaction has been filed with the SEC.

Analyst Ratings

Recently, analyst at Zacks downgraded shares of the company from an ‘outperform’ rating to a ‘neutral’ rating and at present they have a price objective of $10.00 on the company’s stock. Analysts at JPMorgan Chase & Co.in a research note upgraded shares of company from a ‘neutral’ rating to an ‘overweight’ rating and currently they have a price target of $10.00 on the company’s stock. And finally, analysts at Argus upgraded shares of company from a ‘hold’ rating to a ‘buy’ rating and now they have a price target of $10.00 on the company’s stock.

Two analysts have given a ‘sell’ rating on the stock, five have rated the stock with a ‘hold’ rating and five have assigned a ‘buy’ rating on the company’s stock. Presently JetBlue Airways Corporation (NASDAQ:JBLU) has an average rating of ‘hold’ with a price target of $9.94.

Stock Update

On Wednesday, the stock hit a 52-week high of $10.38 and closed at $10.27, gaining 2.19% from its previous close.

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