Alaska Air Stock Plunges 12% in 3 Months: Should You Buy the Dip?

Shares of Seattle, WA-based airline heavyweight Alaska Air Group, Inc. (ALK) have not had a good time on the bourses of late, declining in double-digits over the past 90 days. The disappointing price performance resulted in ALK underperforming its industry in the said time frame as well as the S&P 500, of which the airline is a key member. However, ALK’s price performance compares favorably with that of fellow U.S. airline operators United Airlines (UAL) and Delta Air Lines (DAL) in the same time frame.Thre ...