Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Skywest Inc shares valued at $446,116 were sold by Woodward Eric on Nov 06 ’24. At $111.53 per share, Woodward Eric sold 4,000 shares. The insider’s holdings dropped to 44,426 shares worth approximately $5.06 million following the completion of this transaction.
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Also, MITTELSTAEDT RONALD J sold 25,000 shares, netting a total of over 2,801,585 in proceeds. Following the sale of shares at $112.06 each, the insider now holds 11,283 shares.
Before that, Childs Russell A had sold 27,903 shares from its account. In a trade valued at $3,110,217, the PRESIDENT & CEO traded Skywest Inc shares for $111.47 each. Upon closing the transaction, the insider’s holdings decreased to 27,903 shares, worth approximately $39.83 million.
Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in early November. As of June 04, 2024, TD Cowen has reiterated its “Buy” rating for SKYW. Earlier on February 05, 2024, TD Cowen upgraded its rating. Their new recommendation was “an Outperform” for SKYW stock which previously was a “a Market perform”.
Analyzing SKYW Stock Performance
During the last five days, there has been a surge of approximately 4.57%. Over the course of the year, Skywest Inc shares have jumped approximately 118.31%. Shares of the company reached a 52-week high of $117.51 on 11/27/24 and a 52-week low of $48.28 on 01/16/24. A 50-day SMA is recorded $97.22, while a 200-day SMA reached $79.67. Nevertheless, trading volume fell to 0.22 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for Skywest Inc (SKYW)
According to the 24-hour chart, there is a support level at 111.93, which, if violated, would cause prices to drop to 109.90. In the upper region, resistance lies at 116.75. The next price resistance is at 119.54. RSI (Relative Strength Index) is 69.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.52, which suggests the price will increase in the coming days. Percent R is at 30.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
