Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alaska Air Group Inc. shares valued at $249,348 were sold by HARRISON ANDREW R on Feb 28 ’24. At $38.36 per share, HARRISON ANDREW R sold 6,500 shares. The insider’s holdings dropped to 26,048 shares worth approximately $1.11 million following the completion of this transaction.
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Also, MINICUCCI BENITO purchased 56 shares, netting a total of over 2,031 in proceeds. Following the buying of shares at $36.27 each, the insider now holds 119,942 shares.
As published in a research note from TD Cowen on July 24, 2024, Alaska Air Group Inc. [ALK] has been retained to a Buy and the price target has been revised to $51. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid May. As of April 19, 2024, TD Cowen has reiterated its “Buy” rating for ALK. Earlier on April 05, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for ALK stock.
Analyzing ALK Stock Performance
During the last five days, there has been a surge of approximately 6.77%. Over the course of the year, Alaska Air Group Inc. shares have jumped approximately 8.65%. Shares of the company reached a 52-week high of $46.15 on 04/22/24 and a 52-week low of $32.62 on 08/06/24. A 50-day SMA is recorded $37.35, while a 200-day SMA reached $39.17. Nevertheless, trading volume fell to 2.9 million shares from 3.21 million shares the previous day.
Support And Resistance Levels for Alaska Air Group Inc. (ALK)
According to the 24-hour chart, there is a support level at 41.78, which, if violated, would cause prices to drop to 41.12. In the upper region, resistance lies at 42.96. The next price resistance is at 43.48. RSI (Relative Strength Index) is 70.04 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.51, which suggests the price will increase in the coming days. Percent R is at 6.20%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
