Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alaska Air Group Inc shares valued at $51,112 were sold by SCHNEIDER ANDREA L on Dec 19 ’24. At $63.89 per share, SCHNEIDER ANDREA L sold 800 shares. The insider’s holdings dropped to 20,286 shares worth approximately $1.37 million following the completion of this transaction.
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Also, SPRAGUE JOSEPH A sold 2,325 shares, netting a total of over 149,686 in proceeds. Following the sale of shares at $64.38 each, the insider now holds 19,340 shares.
Before that, HALVERSON EMILY had sold 1,329 shares from its account. In a trade valued at $85,603, the VP Finance, Controller & Treas traded Alaska Air Group Inc shares for $64.41 each. Upon closing the transaction, the insider’s holdings decreased to 1,329 shares, worth approximately $0.48 million.
As published in a research note from TD Cowen on December 11, 2024, Alaska Air Group Inc [ALK] has been retained to a Buy and the price target has been revised to $78. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in early December.
Analyzing ALK Stock Performance
During the last five days, there has been a surge of approximately 6.96%. Over the course of the year, Alaska Air Group Inc shares have jumped approximately 73.02%. Shares of the company reached a 52-week high of $67.73 on 12/24/24 and a 52-week low of $32.62 on 08/06/24. A 50-day SMA is recorded $53.35, while a 200-day SMA reached $43.58. Nevertheless, trading volume fell to 1.03 million shares from 2.36 million shares the previous day.
Support And Resistance Levels for Alaska Air Group Inc (ALK)
According to the 24-hour chart, there is a support level at 66.94, which, if violated, would cause prices to drop to 66.27. In the upper region, resistance lies at 68.00. The next price resistance is at 68.39. RSI (Relative Strength Index) is 78.73 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.83, which suggests the price will increase in the coming days. Percent R is at 0.92%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
