JetBlue Airways (JBLU) saw a strong rally, climbing 7.45% to $5.99, moving significantly against the broader market decline despite a lack of company-specific news.
- The rally occurred despite the NASDAQ and S&P 500 dipping, potentially buoyed by a 3.5% rally in oil prices, which may benefit airlines less exposed to fuel costs.
- Analysts currently maintain a target range of $4.00-$7.00, focusing attention on the company's JetForward strategy and ongoing financial challenges.