Alaska Air Group Inc.’s filing revealed 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 $1.14 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 $5.02 million.
TD Cowen reiterated its Alaska Air Group Inc. [ALK] rating to a Buy in a research note published on April 19, 2024; the price target was $58. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early April has reiterated a ‘”a Buy”‘ rating for it. Deutsche Bank also remained covering ALK and has increased its forecast on February 20, 2024 with a “Buy” recommendation from previously “Hold” rating. TD Cowen maintained its rating on January 26, 2024. It rated ALK as “an Outperform”.
Price Performance Review of ALK
On Monday, Alaska Air Group Inc. [NYSE:ALK] saw its stock jump 2.74% to $43.85. Over the last five days, the stock has lost -0.54%. Alaska Air Group Inc. shares have risen nearly 12.23% since the year began. Nevertheless, the stocks have risen 4.18% over the past one year. While a 52-week high of $57.18 was reached on 04/22/24, a 52-week low of $30.75 was recorded on 01/17/24. SMA at 50 days reached $40.85, while 200 days put it at $38.99. A total of 1.45 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 42.89, which if violated will result in even more drops to 41.92. On the upside, there is a resistance level at 44.56. A further resistance level may holdings at 45.26. The Relative Strength Index (RSI) on the 14-day chart is 57.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.43%. Stochastics %K at 46.28% indicates the stock is a holding.
