Southwest Sock Gaps Lower on Slashed Forecast
LUVSouthwest Airlines(LUV) Schaeffers Investment Research·2024-06-26 22:19

Southwest Airlines Co (NYSE:LUV) cut its fiscal second-quarter forecast today, as the industry struggles to predict demand trends. Plus, Boeing's (BA) safety issues resulting in delayed jet deliveries are limiting growth. At last check, LUV is down 3.9% to trade at 27.40.Thesharesaretestingsupportatthe27.40. The shares are testing support at the 27 level, but gapping below the 40-day moving average as they look to snap their three-day win streak. The $30 region has acted as a ceiling since the equity's March pullback, rejecting a rally from ...