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 $1.18 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 Tuesday, Alaska Air Group Inc. [NYSE:ALK] saw its stock jump 1.59% to $45.40. Over the last five days, the stock has gained 6.22%. Alaska Air Group Inc. shares have risen nearly 16.20% since the year began. Nevertheless, the stocks have risen 37.28% over the past one year. While a 52-week high of $46.15 was reached on 10/15/24, a 52-week low of $30.75 was recorded on 08/06/24. SMA at 50 days reached $39.11, while 200 days put it at $39.51.
Levels Of Support And Resistance For ALK Stock
The 24-hour chart illustrates a support level at 44.84, which if violated will result in even more drops to 44.28. On the upside, there is a resistance level at 46.12. A further resistance level may holdings at 46.84. The Relative Strength Index (RSI) on the 14-day chart is 70.74, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.30%. Stochastics %K at 79.05% indicates the stock is a holding.
How much short interest is there in Alaska Air Group Inc.?
A steep rise in short interest was recorded in Alaska Air Group Inc. stocks on 2024-09-30, dropping by -0.1 million shares to a total of 8.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 9.01 million shares. There was a decline of -1.16%, which implies that there is a negative sentiment for the stock.
