Elliott Investment Management has built a stake of nearly $2 billion in Southwest Airlines LUV -0.36%decrease; red down pointing triangle and plans to push for changes aimed at reversing the airline's underperformance.
Thinking about travel stocks to sell may seem counterintuitive, with the summer season expected to heat things up for the travel industry. Despite the macroeconomic headwinds, analysts expect robust demand in the upcoming months.
Southwest Airlines stock (NYSE: LUV) currently trades at $27 per share, more than 55% below its level in April 2021, and it can see higher levels over time. Southwest Airlines Southwest Airlines saw its stock trading at around $36 in early June 2022, just before the Fed started increasing rates, and is now 26% below that level, compared to 40% gains for the S&P 500 during this period.