Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Allegiant Travel shares valued at $28,270 were sold by Morgan Sandra Douglass on Nov 27 ’24. At $80.77 per share, Morgan Sandra Douglass sold 350 shares. The insider’s holdings dropped to 11,650 shares worth approximately $1.16 million following the completion of this transaction.
Also, GALLAGHER MAURICE J JR sold 28,319 shares, netting a total of over 2,391,686 in proceeds. Following the sale of shares at $84.46 each, the insider now holds 2,147,730 shares.
Before that, GALLAGHER MAURICE J JR had sold 10,382 shares from its account. In a trade valued at $842,657, the Executive Chairman traded Allegiant Travel shares for $81.17 each. Upon closing the transaction, the insider’s holdings decreased to 10,382 shares, worth approximately $212.24 million.
As published in a research note from TD Cowen on December 17, 2024, Allegiant Travel [ALGT] has been retained to a Hold and the price target has been revised to $70. Earlier on November 01, 2024, TD Cowen resumed its rating. Their recommendation was “a Hold” for ALGT stock.
Analyzing ALGT Stock Performance
During the last five days, there has been a surge of approximately 5.50%. Over the course of the year, Allegiant Travel shares have jumped approximately 5.50%. Shares of the company reached a 52-week high of $101.00 on 01/07/25 and a 52-week low of $88.95 on 01/03/25. A 50-day SMA is recorded $80.32, while a 200-day SMA reached $59.29. Nevertheless, trading volume fell to 0.26 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for Allegiant Travel (ALGT)
According to the 24-hour chart, there is a support level at 95.69, which, if violated, would cause prices to drop to 92.09. In the upper region, resistance lies at 101.50. The next price resistance is at 103.71. RSI (Relative Strength Index) is 74.22 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.68, which suggests the price will increase in the coming days. Percent R is at 7.95%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
