Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Southwest Airlines Co shares valued at $19,300,400 were purchased by GANGWAL RAKESH on Oct 01 ’24. At $29.98 per share, GANGWAL RAKESH acquired 643,788 shares. The insider’s holdings grew to 3,606,311 shares worth approximately $110.82 million following the completion of this transaction.
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Also, GANGWAL RAKESH purchased 530,918 shares, netting a total of over 15,866,908 in proceeds. Following the buying of shares at $29.89 each, the insider now holds 2,962,523 shares.
Before that, GANGWAL RAKESH had added 127,195 shares to its account. In a trade valued at $3,750,908, the Director bought Southwest Airlines Co shares for $29.49 each. Upon closing the transaction, the insider’s holdings increased to 127,195 shares, worth approximately $74.72 million.
As published in a research note from Jefferies on October 09, 2024, Southwest Airlines Co [LUV] has been rated up from an Underperform to a Hold and the price target has been revised to $32 from $24. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in late September. As of September 03, 2024, Evercore ISI has increased its “an In-line” rating to a “an Outperform” for LUV. Earlier on July 17, 2024, TD Cowen resumed its rating. Their recommendation was “a Hold” for LUV stock.
Analyzing LUV Stock Performance
During the last five days, there has been a drop of approximately -0.58%. Over the course of the year, Southwest Airlines Co shares have jumped approximately 6.41%. Nevertheless, trading volume fell to 6.62 million shares from 9.25 million shares the previous day.
Support And Resistance Levels for Southwest Airlines Co (LUV)
RSI (Relative Strength Index) is 56.44 on the 14-day chart, showing neutral technical sentiment.
