JetBlue Airways Corporation JBLU shares are trading higher by $1.09 (4.8 percent) at $22.71 in Tuesday's session. The rally is coinciding with the company's investor day being held on Tuesday.
After four days of consolidation with multiple closes at the $21.80 area, the issue has moved well into the $22 handle.
The issue, which ended Monday's session near the low of the day, opened higher and after a brief $0.03 retreat to $22.02, it continued its move higher.
So far, it has reached $22.99 and is not far off that level. The issue has not traded over $23.00 since February 23, when it peaked at $23.67. That was the last time it closed over $23.00, when it ended that session at $23.20.
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