7 stories mentioning ALGTUpdated 29d ago
Every FINWIRES story that references ALGT, newest first.
Allegiant Travel Company (ALGT) has an average rating of overweight and mean price target of $115.77, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $119.88, Change: $+2.28, Percent Change: +1.94%
Allegiant Travel (ALGT) has an average rating of overweight and mean price target of $110.75, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Consumer stocks were mixed late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.2%.In sector news, Redbook US same-store sales rose by 10.5% from a year earlier in the week ended June 27 after a 10.0% year-over-year increase in the previous week. Redbook noted that there was an increase in demand for seasonal products such as air conditioners, fans, pool and beach equipment, swimwear, and other summer apparel.Separately, US retailers are placing China orders four to six weeks earlier than usual to build Black Friday and Christmas inventories ahead of potential US tariff hikes, Reuters reported, citing shipping executives. Frontloaded shipments have tightened container capacity on China-US routes, with spot rates from Shanghai to New york and Los Angeles rising week over week and year over year, maritime consultancy Drewry said.In corporate news, Allegiant Travel (ALGT) shares gained 2.8% after the company said it now expects Q2 adjusted earnings per share for the combined entity to be at least $1.25 following the acquisition of Sun Country Airlines, inclusive of Sun Country's results from May 13 through June 30.Patrick Industries (PATK) and LCI Industries (LCII) have entered into a definitive agreement to merge in an all-stock deal, the companies said Tuesday. Patrick Industries shares fell 3.1%, and LCI jumped past 6%.Philip Morris International (PM) shares were down 1.2% after it said Tuesday the US Food and Drug Administration issued Modified Risk Tobacco Product orders for 20 variants of ZYN nicotine pouch products.Paramount Skydance's (PSKY) proposed $110 billion takeover of Warner Bros. Discovery (WBD) might face regulatory intervention over media plurality concerns, British culture minister Lisa Nandy said Tuesday. Paramount shares were up 0.6%, and Warner fell 2%.
Allegiant Travel (ALGT) shares rose over 3% in Tuesday trading after the company said it now expects Q2 adjusted earnings per share for the combined entity to be at least $1.25 following the acquisition of Sun Country Airlines, inclusive of Sun Country's results from May 13 through June 30.Analysts polled by FactSet expect a loss of $0.27 per share.The updated outlook exceeds the prior standalone Allegiant Air guidance issued on April 30, which expected an adjusted loss per share of approximately $0.50 at the midpoint, according to a Tuesday regulatory filing.Price: $117.84, Change: $+3.64, Percent Change: +3.19%
Allegiant Travel (ALGT) shares were up almost 3% in Friday trading after Citigroup upgraded the stock to buy from neutral and raised its price target to $156 from $98.Intraday trading volume stood at more than 642,000 shares, against a daily average of roughly 580,000 shares.Price: $113.19, Change: $+3.14, Percent Change: +2.85%
Allegiant Travel (ALGT) has an average rating of overweight and mean price target of $105.92, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.4% and the actively traded Invesco QQQ Trust (QQQ) was 0.7% lower in Tuesday's premarket activity amid uncertainty surrounding US-Iran negotiations.US stock futures were also lower, with S&P 500 Index futures down 0.4%, Dow Jones Industrial Average futures slipping 0.2%, and Nasdaq futures retreating 0.6% before the start of regular trading.The pending home sales data for April will be released at 10 am ET.In premarket activity, bitcoin was down by 0.2%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.3% lower, Ether ETF (EETH) retreated 0.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 0.02%.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 1%, and the iShares US Technology ETF (IYW) was 0.6% lower, while the iShares Expanded Tech Sector ETF (IGM) was down 0.3%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) declined by 3.4%, while the iShares Semiconductor ETF (SOXX) fell by 1.7%.Agilysys (AGYS) shares were up more than 23% in premarket activity after the company overnight reported fiscal Q4 earnings and sales above market expectations.Winners and Losers:HealthcareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.04%, the Vanguard Health Care Index Fund (VHT) was down 0.04%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was up 0.3%.Relay Therapeutics (RLAY) stock was up more than 9% premarket after the company said that the early phase 2 data showed its experimental drug zovegalisib reduced lesion volume in patients with rare vascular anomalies linked to PIK3CA mutations.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.01%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.1% higher.XP (XP) shares were down 5.2% in premarket activity after the company overnight reported Q1 results that fell short of analyst expectations.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.1%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was 0.4% lower. The iShares US Consumer Staples ETF (IYK) was flat. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.7%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.7% higher.Amer Sports (AS) shares were up more than 3% pre-bell after the company reported Q1 adjusted earnings and revenue.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated 0.1%, while the Vanguard Industrials Index Fund (VIS) was 0.1% lower, and the iShares US Industrials ETF (IYJ) gained 0.2%.Allegiant Travel (ALGT) stock was down more than 1% before the opening bell after the company said it is launching eight new nonstop routes beginning in fall 2026, expanding service across Florida leisure markets.EnergyThe iShares US Energy ETF (IYE) was 1.3%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.4%.Equinor (EQNR) stock was up more than 1% before the opening bell after the company said it signed a 5-year agreement with Eneco to supply natural gas from the Norwegian continental shelf.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 0.3% to $108.38 per barrel on the New York Mercantile Exchange. Natural gas was up 1.2% at $3.06 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 1.5%, while the United States Natural Gas Fund (UNG) was 1.2% higher.Gold futures for May retreated by 0.5% to $4,534.30 an ounce on the Comex. Silver futures fell by 1.7% to $76.13 an ounce. SPDR Gold Shares (GLD) was down by 0.3%, and the iShares Silver Trust (SLV) declined by 1.5%.
