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JetBlue Airways Corporation (NASDAQ:JBLU) stock is trading lower on Tuesday. On Monday, the company announced a $400 million convertible senior notes offering.
The Details: JetBlue provided the initial purchasers of the notes with the option to acquire up to an additional $60 million in principal amount of the notes.
The company intends to use the net proceeds from the offering to repurchase a portion of its existing 0.50% senior convertible notes due 2026 and pay related fees.
Following this news, the stock traded lower on Monday at about $4.69. The stock’s 50 day moving average is $5.82 and its 52 week range is from $3.42 to $7.58. Its average session volume is 13.07 million, with today’s session volume surpassing 27 million.
How To Buy JetBlue Shares
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in JetBlue Airways (NASDAQ:JBLU)'s case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
Related Link: United Airlines Plunges 24% in 3 Months: Buy the Dip?
JBLU Price Action: At the time of publication, JetBlue stock is trading 2.40% lower at $4.69 per data from Benzinga Pro.
Image: JetBlue Photo via Wikimedia
Posted In: JBLU
