Southwest Airlines Co’s filing revealed 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 $2.92 million.
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 $1.96 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 fall -1.39% to $32.66. Over the last five days, the stock has lost -2.83%. Southwest Airlines Co shares have fallen nearly -2.86% since the year began. Nevertheless, the stocks have risen 9.93% over the past one year. While a 52-week high of $36.12 was reached on 01/06/25, a 52-week low of $23.58 was recorded on 01/08/25. SMA at 50 days reached $32.71, while 200 days put it at $29.31.
Levels Of Support And Resistance For LUV Stock
The 24-hour chart illustrates a support level at 32.28, which if violated will result in even more drops to 31.91. On the upside, there is a resistance level at 33.01. A further resistance level may holdings at 33.37. The Relative Strength Index (RSI) on the 14-day chart is 44.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.78%. Stochastics %K at 32.30% 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 2024-12-31, growing by 0.3 million shares to a total of 35.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 35.07 million shares. There was a rise of 0.84%, which implies that there is a positive sentiment for the stock.
