U.S. airline stocks rallied on Monday, as Deutsche Bank said the sector is "back on track" after the coronavirus pandemic wiped out travel demand last year.With a whole universe of publicly traded companies out there, choosing one to buy can be tough. IBD Analysts at the firm upgraded the sector to buy, saying "COVID cases, hospitalizations, and vaccination rates are all trending in the right direction." And they cited airlines' own efforts to stem the spread of the virus.They also cited what they said was pent-up demand for air travel and U.S. consumers that had saved around $1.5 trillion in extra cash since the pandemic began. Household net worth stood at an all-time high of more than $120 trillion, they noted, and the stock market is hovering near record levels.
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Last
$21.33 |
Change
-0.190(0.88%) |
Mkt cap ! $4.732B | |||
| Open | High | Low | Value | Volume |
| $21.41 | $21.52 | $21.33 | $13.63M | 637.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3165 | $21.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.35 | 3107 | 1 |
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| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| FLT (ASX) Chart |