We recently compiled a list of the 10 Firms Kick Off 2025 Trading in The Red. In this article, we are going to take a look at where JetBlue Airways Corporation (NASDAQ:JBLU) stands against the other stocks.
The stock market finished the first trading day of the year in the negative territory—a fifth straight day, over the lack of catalysts to spark trading appetite.
The Dow Jones Industrial Average was down the most by 0.36 percent, the S&P 500 decreased 0.22 percent, and the Nasdaq Composite dipped 0.16 percent.
Ten companies also kicked off trading mirroring the broader market downturn. In this article, let’s explore the reasons behind their decline.
To come up with Thursday’s top losers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
A commercial jetliner at an airport gate with passengers waiting in the background.
JetBlue Airways Corporation (NASDAQ:JBLU)
Shares of JetBlue Airways Corporation (NASDAQ:JBLU) declined for a second day on Thursday, losing 4.83 percent or 0.38 points to end at $7.48 apiece as investors were in a wait-and-see mode for any developments on its rumored merger with a new airline.
Following its merger attempt with Spirit Airlines, rumors are spreading that Alaska Airlines, which recently merged with Hawaiian Airlines, is interested in acquiring JetBlue.
The company has long maintained that the only way for it to grow is to expand through mergers and acquisitions. It is looking to break into the top four and join American, United, Delta, and Southwest as the biggest domestic airlines.
If proven true, the company will still have to secure regulatory approval. Merger prospects, however, remained positive for the company especially with the incoming Trump administration being more amenable to airline mergers than previous administrations.
Overall JBLU ranks 3rd on our list of the stocks that crashed yesterday. While we acknowledge the potential of JBLU as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than JBLU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.