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Monitoring Alaska Air Group Inc. (ALK) after recent insider movements

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 $1.03 million.

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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.

Wolfe Research upgraded its Alaska Air Group Inc. [ALK] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid April has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering ALK and reiterated its “Buy” recommendation on April 05, 2024. Deutsche Bank revised its rating on February 20, 2024. It rated ALK as “a Buy” which previously was an “a Hold”.

Price Performance Review of ALK

On Tuesday, Alaska Air Group Inc. [NYSE:ALK] saw its stock fall -0.90% to $39.73. Over the last five days, the stock has lost -2.67%. Alaska Air Group Inc. shares have risen nearly 1.69% since the year began. Nevertheless, the stocks have fallen -25.29% 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 $42.33, while 200 days put it at $38.49. A total of 1.9 million shares were traded, compared to the trading of 1.55 million shares in the previous session.

Levels Of Support And Resistance For ALK Stock

The 24-hour chart illustrates a support level at 39.34, which if violated will result in even more drops to 38.95. On the upside, there is a resistance level at 40.16. A further resistance level may holdings at 40.58. The Relative Strength Index (RSI) on the 14-day chart is 37.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.56%. Stochastics%K at 30.61% indicates the stock is a holding.

The most recent change occurred on January 26, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $40.

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