Southwest Airlines Co’s recent filing unveils that its Chief Administration Officer Rutherford Linda B. unloaded 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 sold. As a result of this transaction, Rutherford Linda B. now holds 89,376 shares worth roughly $3.03 million.
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Then, Rutherford Linda B. bought 3,849 shares, generating $132,386 in total proceeds.
Before that, Elliott Investment Management sold 1,203,920 shares. Southwest Airlines Co shares valued at $35,912,934 were divested by the 10% Owner at a price of $29.83 per share. As a result of the transaction, Elliott Investment Management now holds 59,912,580 shares, worth roughly $2.03 billion.
A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early December has reiterated a ‘”a Hold”‘ rating for it.
Price Performance Review of LUV
On Monday, Southwest Airlines Co [NYSE:LUV] saw its stock jump 1.74% to $33.86. Over the last five days, the stock has gained 3.58%. Southwest Airlines Co shares have risen nearly 17.24% since the year began. Nevertheless, the stocks have risen 14.39% 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 $31.95, while 200 days put it at $29.03.
Levels Of Support And Resistance For LUV Stock
The 24-hour chart illustrates a support level at 33.41, which if violated will result in even more drops to 32.97. On the upside, there is a resistance level at 34.09. A further resistance level may holdings at 34.33. The Relative Strength Index (RSI) on the 14-day chart is 60.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.03%. Stochastics %K at 25.55% 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 2024-11-29, dropping by -4.71 million shares to a total of 35.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 39.78 million shares. There was a decline of -13.43%, which implies that there is a negative sentiment for the stock.
