Home / Market Movers / WestJet Airlines Ltd. variable voting and common voting shares (WJA:CA) Charges Ahead 1.12% to Lead TSX Composite Industrial Stocks at Noon on September 22

WestJet Airlines Ltd. variable voting and common voting shares (WJA:CA) Charges Ahead 1.12% to Lead TSX Composite Industrial Stocks at Noon on September 22

WestJet Airlines Ltd. variable voting and common voting shares (WJA:CA) is one of the best performing stocks in the industrial sector in the S&P/TSX Composite Index at the lunch break on September 22. Shares of WJA:CA have climbed 1.12% about halfway through the session to $23.39 after closing the day prior at $23.13. So far, the stock has traded as high as $23.69 and as low as $23.14 in morning action. Today’s advance has come with about 199,007 shares changing hands, compared to an average 30-day volume of 192,781 for WestJet Airlines Ltd. variable voting and common voting shares. The price is currently below the 30-day volume weighted average price of $23.44 for WJA:CA.

The share appreciation gives the industrial company a market capitalization of $2.77 billion based upon 119.87 million shares outstanding. It also means that WestJet Airlines has a price-to-book ratio of 1.41:1 and a price-to-earnings ratio of 9.8:1.

In the past 52 weeks, shares of WJA:CA have traded as low as $14.67 and as high as $25.77. Technical traders will take note that at $23.39, shares of WJA:CA are trading above their 200-day MA at $20.61 and below their 50-day MA at $23.5. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is WestJet Airlines?

Westjet Airlines Ltd is a provider of airline service and travel packages. It offers scheduled flights, vacation packages and cargo services. The company’s 11000 employees are led by CEO Gregg A. Saretsky from the corporate headquarters at 22 Aerial Place North East.

What is the S&P/TSX Composite Index?

Developed and managed by S&P Dow Jones Indices and launched in January 1977, the S&P/TSX Composite is the headline index for the Canadian equity market. Generally, when investors refer to movement in the Canadian markets, they are referring to the S&P/TSX Composite, as it is the broadest index in the S&P/TSX franchise. The index includes more than 230 of the biggest companies traded on the Toronto Stock Exchange, with financials making up the most heavily weighted sector in the index, followed by energy and materials. The Toronto Stock Exchange serves as the distributor of both real-time and historical data for this index.


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