SkyWest Inc.’s recently made public that its CHIEF FINANCIAL OFFICER SIMMONS ROBERT J unloaded Company’s shares for reported $0.19 million on Aug 04. In the deal valued at $24.67 per share,7,783 shares were sold. As a result of this transaction, SIMMONS ROBERT J now holds 62,283 shares worth roughly $ 1.11 million.
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Then, ATKIN JERRY C bought 55,000 shares, generating $1,393,150 in total proceeds. Upon buying the shares at $25.33, the Director now owns 270,903 shares.
Before that, ATKIN JERRY C bought 55,000 shares. SkyWest Inc. shares valued at $1,393,150 were divested by the Director at a price of $25.33 per share. As a result of the transaction, ATKIN JERRY C now holds 311,184 shares, worth roughly $5.53 million.
Raymond James downgraded its SkyWest Inc. [SKYW] rating to an Underperform from a a Mkt perform in a research note published on Monday. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late April from “an Outperform” to “a Mkt perform”. Raymond James also remained covering SKYW and has decreased its forecast on February 04, 2022 with a “an Outperform” recommendation from previously “Strong buy” rating. Deutsche Bank revised its rating on February 04, 2022. It rated SKYW as “a Hold” which previously was an “a Buy”.
Price Performance Review of SKYW
On Monday, SkyWest Inc. [NASDAQ:SKYW] saw its stock jump 1.31% to $17.77. On the same session, the stock had its day’s lowest price of $17.39, but rose to a high of $17.85. Over the last five days, the stock has gained 0.51%. SkyWest Inc. shares have fallen nearly -54.78% since the year began. Nevertheless, the stocks have fallen -63.99% over the past one year. While a 52-week high of $51.88 was reached on 01/13/22, a 52-week low of $15.83 was recorded on 09/26/22. SMA at 50 days reached $18.24, while 200 days put it at $24.50. A total of 0.53 million shares were traded, compared to the trading of 0.63 million shares in the previous session.
Levels Of Support And Resistance For SKYW Stock
The 24-hour chart illustrates a support level at 17.49, which if violated will result in even more drops to 17.21. On the upside, there is a resistance level at 17.95. A further resistance level may holdings at 18.13. The Relative Strength Index (RSI) on the 14-day chart is 48.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.68%. Stochastics %K at 34.34% indicates the stock is a holding.
How much short interest is there in SkyWest Inc.?
A steep rise in short interest was recorded in SkyWest Inc. stocks on Jul 14, 2022, dropping by 50000.0 shares to a total of 2.08 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.13 million shares. There was a decline of -2.4%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.80% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.79.
SkyWest Inc. [SKYW] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 7,683,945 shares, or roughly 15.19% of the outstanding SKYW shares. In other words, the investor’s shares have risen by 159,415 from its previous 13-F filing of 7524530.0. Additionally, The Vanguard Group, Inc. increased 0.43% of its stake after which the total value it holdings stand at $90,825,823, while AllianceBernstein LP added 4.63% of its stake to hold $56.79 million in the firm. Over the last quarter, Dimensional Fund Advisors LP purchased 95,455 shares of SkyWest Inc., while US Global Investors, Inc. bought -32,659 shares. At present, SSgA Funds Management, Inc. is holding 2,256,037 shares valued at $36.68 million. Newton Investment Management Nort owned 1,059,283 shares of the company at the time of its most recent 13F filing, worth $17.22 million.