Traders Watch List: JetBlue Airways Corporation (NASDAQ:JBLU), First Majestic Silver Corp (NYSE:AG)
Trading the news is a technique to trade equities, currencies and other financial instruments on the financial markets. Trading news releases can be a noteworthy tool for financial shareholders. Economic news reports often drive strong short-term moves in the markets, which may create trading opportunities for traders. Declarations about corporate profits, a change in administration, rumors of a merger, are events that can cause a company’s share price to move wildly up or down. Interest rates, unemployment and export rates, or the central bank’s policy shifts, can cause a deep change of an exchange rate.
JetBlue (JBLU), New York’s Hometown Airline®, recently declared the opening of the application process for its business mentoring program – BlueBud (buddies + budding new companies). Now in its third year, JetBlue’s BlueBud program offers innovative, socially responsible food and beverage brands special access to JetBlue senior leaders and the airline’s unique product development culture, in addition to valuable industry insights. BlueBud is focused on products from New York State. Applications are presently being accepted here until August 30, 2017.
Shares of JetBlue Airways Corporation (NASDAQ:JBLU) declined -1.63% to $21.71 on Thursday. The stock price floated in a range of $21.42 to $21.94. The stock moved on high volume, traded at a volume of 7.84M shares, as compared to its average daily volume of 4.62M shares. The market capitalization for the company is reported at $7.24B.
BlueBud is one way JetBlue connects with diverse suppliers starting with environmentally and socially conscious food companies and start-ups. The program assists feed the airline’s pipeline with sustainable and innovative food products. Small companies learn what it takes to break into the aviation catering space while remaining true to their social mission.
“With BlueBud we’re supporting food companies that have impactful ideas and responsible practices,” said Sophia Mendelsohn, head of sustainability, JetBlue. “In partnership with GrowNYC, we’re highlighting the diversity of food products grown right here in New York State. Getting products onboard an aircraft is no easy task. Brands that are conscious of their environmental impact are among our first choices to serve onboard and in our airports.”
JetBlue is partnering with GrowNYC for the selection process to connect with food and beverage businesses focused on sustainable sourcing and social responsibility. A celebration announcing the winning company will be held this fall at Project Farmhouse, GrowNYC’s state-of-the-art sustainability and education center located near Union Square in New York City. As part of the airline’s passion for ethically sourced food, JetBlue is a sponsor of Project Farmhouse which serves as a classroom for the cultivation of ideas and relationships. A broad, dynamic range of programming takes place at the Farmhouse to assist plant ideas and foster healthier, environmentally-friendly decisions and actions.
“GrowNYC is happy to once again partner with JetBlue on this important program to support local food producers,” said Marcel Van Ooyen, President/CEO at GrowNYC. “Small startup food companies face countless challenges in producing and marketing their products. JetBlue’s innovative BlueBud program gives new food and beverage companies a much-needed leg up and assists them build a foundation for success.”
First Majestic Silver Corp (NYSE:AG) declined -0.24 points or -2.92% at the market. The stock opened at $8.31. It reached an intraday trading high of $8.32 and closed at $7.98. The total volume traded for the day is 3.81M, as compared to its average daily volume of 3.98M shares. Trading volume, or volume, is the number of shares or contracts that point towards the overall activity of a security or market for a given period. Trading volume is a key technical indicator an investor uses to identify momentum in a stock and confirm a trend or trend reversal. Volume gives an investor an idea of the price action of a security and whether he should buy or sell the security.
Trading volume can also signal when an investor should take profits and sell a security because of low activity. If there is no relationship between the trading volume and the price of a security, this signals weakness in the current trend and a possible reversal.
The current EPS for the company has been recorded at $0.12 and the beta value recorded by the company stands at 0.31 points.