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Taking a Closer Look At Allegiant Travel (ALGT) Following Its Recent Trade

In a filing, Allegiant Travel revealed its EVP and CIO WILSON ROBERT PAUL III unloaded Company’s shares for reported $0.25 million on May 10 ’24. In the deal valued at $54.00 per share,4,600 shares were sold. As a result of this transaction, WILSON ROBERT PAUL III now holds 75,698 shares worth roughly $4.35 million.

Then, DeAngelo Scott Wayne sold 19,687 shares, generating $1,056,761 in total proceeds. Upon selling the shares at $53.68, the EVP and CMO now owns 64,812 shares.

Before that, ELLMER GARY sold 2,000 shares. Allegiant Travel shares valued at $158,200 were divested by the Director at a price of $79.10 per share. As a result of the transaction, ELLMER GARY now holds 8,490 shares, worth roughly $0.49 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 Monday, Allegiant Travel [NASDAQ:ALGT] saw its stock jump 7.60% to $57.50. Over the last five days, the stock has gained 2.20%. Allegiant Travel shares have fallen nearly -30.40% since the year began. Nevertheless, the stocks have fallen -42.72% over the past one year. While a 52-week high of $130.93 was reached on 02/15/24, a 52-week low of $51.13 was recorded on 05/07/24. SMA at 50 days reached $64.40, while 200 days put it at $76.18. A total of 0.54 million shares were traded, compared to the trading of 0.47 million shares in the previous session.

Levels Of Support And Resistance For ALGT Stock

The 24-hour chart illustrates a support level at 54.65, which if violated will result in even more drops to 51.81. On the upside, there is a resistance level at 59.13. A further resistance level may holdings at 60.77. The Relative Strength Index (RSI) on the 14-day chart is 45.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.04%. Stochastics %K at 34.40% indicates the stock is a holding.

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