Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Alaska Air Group Inc shares valued at $314,444 were purchased by LEVINE KYLE B on Jan 29 ’25. At $72.57 per share, LEVINE KYLE B acquired 4,333 shares.
Also, HARRISON ANDREW R purchased 91,745 shares, netting a total of over 6,526,539 in proceeds.
Before that, SPRAGUE JOSEPH A had sold 9,500 shares from its account. In a trade valued at $654,556, the Pres & CEO Hawaiian A/L traded Alaska Air Group Inc shares for $68.90 each. Upon closing the transaction, the insider’s holdings decreased to 9,500 shares, worth approximately $0.71 million.
As published in a research note from TD Cowen on January 24, 2025, Alaska Air Group Inc [ALK] has been retained to a Buy and the price target has been revised to $110. Analysts at Susquehanna upgraded the stock from ‘”a Neutral”‘ to ‘”a Positive”‘ outlook in a report released in early January. As of December 11, 2024, TD Cowen has reiterated its “Buy” rating for ALK. Earlier on December 04, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for ALK stock.
Analyzing ALK Stock Performance
During the last five days, there has been a surge of approximately 7.12%. Over the course of the year, Alaska Air Group Inc shares have jumped approximately 11.51%. Shares of the company reached a 52-week high of $72.89 on 01/29/25 and a 52-week low of $62.82 on 01/03/25. A 50-day SMA is recorded $61.84, while a 200-day SMA reached $46.50. Nevertheless, trading volume fell to 2.39 million shares from 2.66 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 71.59, which, if violated, would cause prices to drop to 70.98. In the upper region, resistance lies at 72.85. The next price resistance is at 73.50. RSI (Relative Strength Index) is 70.92 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.93, which suggests the price will increase in the coming days. Percent R is at 8.38%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
