Allegiant Travel’s filing revealed that its Director Morgan Sandra Douglass unloaded Company’s shares for reported $28270.0 on Nov 27 ’24. In the deal valued at $80.77 per share,350 shares were sold. As a result of this transaction, Morgan Sandra Douglass now holds 11,650 shares worth roughly $1.05 million.
Then, GALLAGHER MAURICE J JR sold 28,319 shares, generating $2,391,686 in total proceeds. Upon selling the shares at $84.46, the Executive Chairman now owns 2,147,730 shares.
Before that, GALLAGHER MAURICE J JR sold 10,382 shares. Allegiant Travel shares valued at $842,657 were divested by the Executive Chairman at a price of $81.17 per share. As a result of the transaction, GALLAGHER MAURICE J JR now holds 2,137,348 shares, worth roughly $193.09 million.
TD Cowen reiterated its Allegiant Travel [ALGT] rating to a Hold in a research note published on December 17, 2024; the price target was $70. TD Cowen maintained its rating on November 01, 2024. It rated ALGT as “a Hold”.
Price Performance Review of ALGT
On Tuesday, Allegiant Travel [NASDAQ:ALGT] saw its stock jump 3.48% to $90.34. Over the last five days, the stock has gained 3.07%. Allegiant Travel shares have risen nearly 4.47% since the year began. Nevertheless, the stocks have risen 2.14% over the past one year. While a 52-week high of $94.45 was reached on 12/12/24, a 52-week low of $36.08 was recorded on 08/12/24. SMA at 50 days reached $74.61, while 200 days put it at $58.16.
Levels Of Support And Resistance For ALGT Stock
The 24-hour chart illustrates a support level at 88.11, which if violated will result in even more drops to 85.89. On the upside, there is a resistance level at 91.45. A further resistance level may holdings at 92.57. The Relative Strength Index (RSI) on the 14-day chart is 61.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.35%. Stochastics %K at 53.87% 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 2024-11-29, dropping by -0.3 million shares to a total of 1.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.53 million shares. There was a decline of -24.25%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 03, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $42.
