Allegiant Travel’s recently made public that its COO Wilper Keny Frank unloaded Company’s shares for reported $39808.0 on Oct 23 ’24. In the deal valued at $62.69 per share,635 shares were sold. As a result of this transaction, Wilper Keny Frank now holds 16,353 shares worth roughly $0.99 million.
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Then, Wilper Keny Frank bought 635 shares, generating $39,808 in total proceeds.
Before that, Wilper Keny Frank sold 296 shares. Allegiant Travel shares valued at $16,564 were divested by the COO at a price of $55.96 per share. As a result of the transaction, Wilper Keny Frank now holds 17,398 shares, worth roughly $1.06 million.
TD Cowen reiterated its Allegiant Travel [ALGT] rating to a Hold in a research note published on October 03, 2024; the price target was $42. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early August has reiterated a ‘”a Hold”‘ rating for it. TD Cowen also remained covering ALGT and reiterated its “Hold” recommendation on July 17, 2024. Deutsche Bank revised its rating on July 08, 2024. It rated ALGT as “a Hold” which previously was an “a Buy”.
Price Performance Review of ALGT
On Tuesday, Allegiant Travel [NASDAQ:ALGT] saw its stock fall -4.87% to $60.69. Over the last five days, the stock has lost -3.47%. Allegiant Travel shares have fallen nearly -26.53% since the year began. Nevertheless, the stocks have fallen -10.14% over the past one year. While a 52-week high of $85.91 was reached on 02/15/24, a 52-week low of $36.08 was recorded on 08/12/24. SMA at 50 days reached $50.40, while 200 days put it at $57.93.
Levels Of Support And Resistance For ALGT Stock
The 24-hour chart illustrates a support level at 59.14, which if violated will result in even more drops to 57.58. On the upside, there is a resistance level at 62.53. A further resistance level may holdings at 64.36. The Relative Strength Index (RSI) on the 14-day chart is 57.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.95%. Stochastics %K at 66.03% indicates the stock is a holding.
How much short interest is there in Allegiant Travel?
A steep rise in short interest was recorded in Allegiant Travel stocks on 2024-10-15, dropping by -0.1 million shares to a total of 1.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.95 million shares. There was a decline of -5.41%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 15, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $60.
