Strength Seen in Controladora Vuela (VLRS): Can Its 5.5% Jump Turn into More Strength?

Controladora Vuela (VLRS) shares rallied 5.5% in the last trading session to close at $5.91. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 3.7% gain over the past four weeks. The uptick in share price was due to the impressive load factor (% of seats filled by passengers) of 87% maintained by the Mexican carrier in August despite challenges. Load factor in August was flat year over year. The airline transpo ...