Alaska Air Group Inc.’s recently made public that its EVP AND CCO HARRISON ANDREW R unloaded Company’s shares for reported $0.25 million on Feb 28 ’24. In the deal valued at $38.36 per share,6,500 shares were sold. As a result of this transaction, HARRISON ANDREW R now holds 26,048 shares worth roughly $1.03 million.
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Then, MINICUCCI BENITO bought 56 shares, generating $2,031 in total proceeds. Upon buying the shares at $36.27, the CEO AND PRESIDENT now owns 119,942 shares.
Before that, MINICUCCI BENITO sold 5,000 shares. Alaska Air Group Inc. shares valued at $243,659 were divested by the CEO AND PRESIDENT at a price of $48.73 per share. As a result of the transaction, MINICUCCI BENITO now holds 114,506 shares, worth roughly $4.53 million.
Deutsche Bank upgraded its Alaska Air Group Inc. [ALK] rating to a Buy from a a Hold in a research note published on February 20, 2024; the price target was increased to $51 from $44. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late January has reiterated a ‘”an Outperform”‘ rating for it. Susquehanna also remained covering ALK and has decreased its forecast on January 10, 2024 with a “Neutral” recommendation from previously “Positive” rating. Melius revised its rating on January 08, 2024. It rated ALK as “a Hold” which previously was an “a Buy”.
Price Performance Review of ALK
On Friday, Alaska Air Group Inc. [NYSE:ALK] saw its stock fall -0.50% to $39.56. Over the last five days, the stock has gained 3.61%. Alaska Air Group Inc. shares have risen nearly 1.25% since the year began. Nevertheless, the stocks have risen 0.41% over the past one year. While a 52-week high of $57.18 was reached on 02/22/24, a 52-week low of $30.75 was recorded on 01/17/24. SMA at 50 days reached $37.11, while 200 days put it at $40.36. A total of 1.26 million shares were traded, compared to the trading of 2.57 million shares in the previous session.
Levels Of Support And Resistance For ALK Stock
The 24-hour chart illustrates a support level at 39.33, which if violated will result in even more drops to 39.11. On the upside, there is a resistance level at 39.87. A further resistance level may holdings at 40.19. The Relative Strength Index (RSI) on the 14-day chart is 60.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.10%. Stochastics %K at 89.77% indicates the stock is a selling.
How much short interest is there in Alaska Air Group Inc.?
A steep rise in short interest was recorded in Alaska Air Group Inc. stocks on Feb 29, 2024, growing by 70000.0 shares to a total of 3.29 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 3.22 million shares. There was a rise of 2.13%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.96% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.62.
