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Recent Insider Activity Could Benefit Alaska Air Group Inc. (ALK)

In a filing, Alaska Air Group Inc. revealed 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 $0.9 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.

TD Cowen reiterated its Alaska Air Group Inc. [ALK] rating to a Buy in a research note published on July 24, 2024; the price target was $51. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in mid May from “a Peer perform” to “an Outperform”. TD Cowen also remained covering ALK and reiterated its “Buy” recommendation on April 19, 2024. TD Cowen maintained its rating on April 05, 2024. It rated ALK as “a Buy”.

Price Performance Review of ALK

On Friday, Alaska Air Group Inc. [NYSE:ALK] saw its stock fall -4.98% to $34.53. Over the last five days, the stock has lost -12.49%. Alaska Air Group Inc. shares have fallen nearly -11.62% since the year began. Nevertheless, the stocks have fallen -27.94% over the past one year. While a 52-week high of $48.12 was reached on 04/22/24, a 52-week low of $30.75 was recorded on 01/17/24. SMA at 50 days reached $39.90, while 200 days put it at $38.68. A total of 1.99 million shares were traded, compared to the trading of 1.95 million shares in the previous session.

Levels Of Support And Resistance For ALK Stock

The 24-hour chart illustrates a support level at 34.15, which if violated will result in even more drops to 33.78. On the upside, there is a resistance level at 35.23. A further resistance level may holdings at 35.94. The Relative Strength Index (RSI) on the 14-day chart is 31.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.19%. Stochastics%K at 10.45% indicates the stock is a buying.

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