In a filing, Alaska Air Group Inc. revealed 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 $1.07 million.
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 $4.69 million.
TD Cowen reiterated its Alaska Air Group Inc. [ALK] rating to a Buy in a research note published on April 05, 2024; the price target was $49. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in mid February from “a Hold” to “a Buy”. TD Cowen also remained covering ALK and reiterated its “an Outperform” recommendation on January 26, 2024. Susquehanna revised its rating on January 10, 2024. It rated ALK as “a Neutral” which previously was an “a Positive”.
Price Performance Review of ALK
On Monday, Alaska Air Group Inc. [NYSE:ALK] saw its stock fall -0.77% to $40.98. Over the last five days, the stock has lost -3.76%. Alaska Air Group Inc. shares have risen nearly 4.89% since the year began. Nevertheless, the stocks have fallen -3.30% over the past one year. While a 52-week high of $57.18 was reached on 04/04/24, a 52-week low of $30.75 was recorded on 01/17/24. SMA at 50 days reached $38.94, while 200 days put it at $39.75. A total of 1.81 million shares were traded, compared to the trading of 1.86 million shares in the previous session.
Levels Of Support And Resistance For ALK Stock
The 24-hour chart illustrates a support level at 40.43, which if violated will result in even more drops to 39.88. On the upside, there is a resistance level at 41.78. A further resistance level may holdings at 42.58. The Relative Strength Index (RSI) on the 14-day chart is 52.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.96%. Stochastics %K at 46.09% indicates the stock is a holding.
