Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Southwest Airlines Co before investing.

In this article, we go over a few key elements for understanding Southwest Airlines Co’s stock price such as:

• Southwest Airlines Co’s current stock price and volume
• Why Southwest Airlines Co’s stock price changed recently
• Upgrades and downgrades for LUV from analysts
• LUV’s stock price momentum as measured by its relative strength

About Southwest Airlines Co (LUV)

Before we jump into Southwest Airlines Co’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Southwest Airlines Co. (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company's fare products include four categories: Wanna Get Away, Wanna Get Away Plus, Anytime, and Business Select to provide customers options when choosing a fare. It offers ancillary services, such as EarlyBird Check-In, Upgraded Boarding, and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies. EarlyBird Check-In provides customers with automatic check-in and an assigned boarding position before general boarding positions become available. It has over 817 Boeing 737 aircraft in its fleet and serves 121 destinations in 42 states, the District of Columbia, the Commonwealth of Puerto Rico, and ten near-international countries: Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

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Southwest Airlines Co’s Stock Price as of Market Close

As of August 23, 2024, 4:00 PM, CST, Southwest Airlines Co’s stock price was $28.18.

Southwest Airlines Co is up 4.64% from its previous closing price of $26.93.

During the last market session, Southwest Airlines Co’s stock traded between $26.56 and $27.19. Currently, there are 599.00 million shares of Southwest Airlines Co stock available for purchase.

Southwest Airlines Co’s price-earnings (P/E) ratio is currently at 435.3, which is high compared to the Airlines industry median of 8.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Southwest Airlines Co Stock Price History

Southwest Airlines Co’s (LUV) price is currently up 4.6% so far this month.

During the month of August, Southwest Airlines Co’s stock price has reached a high of $28.36 and a low of $23.58.

Over the last year, Southwest Airlines Co has hit prices as high as $35.18 and as low as $21.91. Year to date, Southwest Airlines Co’s stock is down 16.31%.

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What Caused Southwest Airlines Co Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 22, 2024, there were 13 analysts who downgraded Southwest Airlines Co’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Southwest Airlines Co’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Southwest Airlines Co’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Southwest Airlines Co’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Southwest Airlines Co (LUV) by visiting AAII Stock Evaluator.

Relative Price Strength of Southwest Airlines Co

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 22, 2024, Southwest Airlines Co has a weighted four-quarter relative price strength of -6.82%, which translates to a Momentum Score of 41 and is considered to be Average.

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Southwest Airlines Co Stock Price: Bottom Line

As of August 23, 2024, Southwest Airlines Co’s stock price is $28.18, which is up 4.64% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Southwest Airlines Co stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.