Skywest Inc’s recently made public that its Director WELCH JAMES L unloaded Company’s shares for reported $0.16 million on Jun 12 ’24. In the deal valued at $79.08 per share,2,000 shares were sold. As a result of this transaction, WELCH JAMES L now holds 46,462 shares worth roughly $4.61 million.
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Then, WELCH JAMES L sold 7,605 shares, generating $598,361 in total proceeds. Upon selling the shares at $78.68, the Director now owns 48,462 shares.
Before that, Woodward Eric sold 5,000 shares. Skywest Inc shares valued at $402,800 were divested by the CHIEF ACCOUNTING OFFICER at a price of $80.56 per share. As a result of the transaction, Woodward Eric now holds 48,426 shares, worth roughly $4.81 million.
TD Cowen reiterated its Skywest Inc [SKYW] rating to a Buy in a research note published on June 04, 2024; the price target was $95. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in early February from “a Market perform” to “an Outperform”. Raymond James also remained covering SKYW and has increased its forecast on August 31, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating. Deutsche Bank revised its rating on June 15, 2023. It rated SKYW as “a Buy” which previously was an “a Hold”.
Price Performance Review of SKYW
On Monday, Skywest Inc [NASDAQ:SKYW] saw its stock fall -2.06% to $99.24. Over the last five days, the stock has gained 4.66%. Skywest Inc shares have risen nearly 90.11% since the year began. Nevertheless, the stocks have risen 126.78% over the past one year. While a 52-week high of $103.49 was reached on 11/01/24, a 52-week low of $41.96 was recorded on 01/16/24. SMA at 50 days reached $85.27, while 200 days put it at $74.95.
Levels Of Support And Resistance For SKYW Stock
The 24-hour chart illustrates a support level at 97.74, which if violated will result in even more drops to 96.23. On the upside, there is a resistance level at 101.01. A further resistance level may holdings at 102.77. The Relative Strength Index (RSI) on the 14-day chart is 68.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.88%. Stochastics %K at 67.40% indicates the stock is a holding.
How much short interest is there in Skywest Inc?
A steep rise in short interest was recorded in Skywest Inc stocks on 2024-10-15, dropping by -0.31 million shares to a total of 1.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.54 million shares. There was a decline of -25.32%, which implies that there is a negative sentiment for the stock.
