In a filing, Southwest Airlines Co revealed its Officer Rutherford Linda B. acquired Company’s shares for reported $0.13 million on Dec 06 ’24. In the deal valued at $34.40 per share,3,849 shares were bought.
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Then, Elliott Investment Management sold 1,203,920 shares, generating $35,912,934 in total proceeds. Upon selling the shares at $29.83, the 10% Owner now owns 59,912,580 shares.
Before that, GANGWAL RAKESH bought 643,788 shares. Southwest Airlines Co shares valued at $19,300,400 were divested by the Director at a price of $29.98 per share. As a result of the transaction, GANGWAL RAKESH now holds 3,606,311 shares, worth roughly $122.25 million.
TD Cowen reiterated its Southwest Airlines Co [LUV] rating to a Hold in a research note published on December 06, 2024; the price target was $28.
Price Performance Review of LUV
On Monday, Southwest Airlines Co [NYSE:LUV] saw its stock fall -0.82% to $33.90. Over the last five days, the stock has gained 2.73%. Southwest Airlines Co shares have risen nearly 17.38% since the year began. Nevertheless, the stocks have risen 16.26% over the past one year. While a 52-week high of $36.12 was reached on 12/05/24, a 52-week low of $23.58 was recorded on 08/05/24. SMA at 50 days reached $31.41, while 200 days put it at $29.09.
Levels Of Support And Resistance For LUV Stock
The 24-hour chart illustrates a support level at 33.65, which if violated will result in even more drops to 33.39. On the upside, there is a resistance level at 34.32. A further resistance level may holdings at 34.73. The Relative Strength Index (RSI) on the 14-day chart is 62.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 47.54%. Stochastics %K at 61.17% indicates the stock is a holding.
How much short interest is there in Southwest Airlines Co?
A steep rise in short interest was recorded in Southwest Airlines Co stocks on 2024-11-15, dropping by -8.15 million shares to a total of 34.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 42.66 million shares. There was a decline of -23.63%, which implies that there is a negative sentiment for the stock.
