Allegiant Travel’s filing revealed that its Director ELLMER GARY unloaded Company’s shares for reported $0.16 million on Feb 12 ’24. In the deal valued at $79.10 per share,2,000 shares were sold. As a result of this transaction, ELLMER GARY now holds 8,490 shares worth roughly $0.51 million.
Then, DeAngelo Scott Wayne sold 3,680 shares, generating $224,738 in total proceeds. Upon selling the shares at $61.07, the EVP and CMO now owns 93,872 shares.
Before that, Wilper Keny Frank sold 1,270 shares. Allegiant Travel shares valued at $90,297 were divested by the COO at a price of $71.10 per share. As a result of the transaction, Wilper Keny Frank now holds 12,059 shares, worth roughly $0.73 million.
TD Cowen reiterated its Allegiant Travel [ALGT] rating to a Market perform in a research note published on February 06, 2024; the price target was $85. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in mid June from “a Hold” to “a Buy”. Barclays also remained covering ALGT and has decreased its forecast on March 10, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. Susquehanna revised its rating on January 11, 2023. It rated ALGT as “a Neutral” which previously was an “a Positive”.
Price Performance Review of ALGT
On Tuesday, Allegiant Travel [NASDAQ:ALGT] saw its stock fall -0.38% to $60.52. Over the last five days, the stock has lost -8.43%. Allegiant Travel shares have fallen nearly -26.74% since the year began. Nevertheless, the stocks have fallen -37.00% over the past one year. While a 52-week high of $130.93 was reached on 02/15/24, a 52-week low of $54.87 was recorded on 04/16/24. SMA at 50 days reached $72.07, while 200 days put it at $82.75. A total of 0.22 million shares were traded, compared to the trading of 0.33 million shares in the previous session.
Levels Of Support And Resistance For ALGT Stock
The 24-hour chart illustrates a support level at 59.74, which if violated will result in even more drops to 58.96. On the upside, there is a resistance level at 61.10. A further resistance level may holdings at 61.68. The Relative Strength Index (RSI) on the 14-day chart is 29.33, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.43%. Stochastics %K at 4.41% indicates the stock is a buying.
