Skywest Inc.’s filing revealed that its Director WELCH JAMES L unloaded Company’s shares for reported $0.13 million on Mar 15 ’24. In the deal valued at $66.72 per share,2,000 shares were sold. As a result of this transaction, WELCH JAMES L now holds 56,067 shares worth roughly $4.17 million.
TD Cowen upgraded its Skywest Inc. [SKYW] rating to an Outperform from a a Market perform in a research note published on February 05, 2024; the price target was increased to $68 from $55. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in late August from “a Mkt perform” to “an Outperform”. Deutsche Bank also remained covering SKYW and has increased its forecast on June 15, 2023 with a “Buy” recommendation from previously “Hold” rating. Raymond James revised its rating on April 03, 2023. It rated SKYW as “a Mkt perform” which previously was an “an Underperform”.
Price Performance Review of SKYW
On Tuesday, Skywest Inc. [NASDAQ:SKYW] saw its stock jump 4.10% to $74.31. Over the last five days, the stock has gained 11.43%. Skywest Inc. shares have risen nearly 42.36% since the year began. Nevertheless, the stocks have risen 206.94% over the past one year. While a 52-week high of $71.80 was reached on 04/23/24, a 52-week low of $23.37 was recorded on 01/16/24. SMA at 50 days reached $66.02, while 200 days put it at $50.51. A total of 0.66 million shares were traded, compared to the trading of 0.46 million shares in the previous session.
Levels Of Support And Resistance For SKYW Stock
The 24-hour chart illustrates a support level at 71.55, which if violated will result in even more drops to 68.78. On the upside, there is a resistance level at 75.80. A further resistance level may holdings at 77.28. The Relative Strength Index (RSI) on the 14-day chart is 71.05, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.13%. Stochastics %K at 86.96% indicates the stock is a selling.
