Skywest Inc’s filing revealed that its CHIEF ACCOUNTING OFFICER Woodward Eric unloaded Company’s shares for reported $0.45 million on Nov 06 ’24. In the deal valued at $111.53 per share,4,000 shares were sold. As a result of this transaction, Woodward Eric now holds 44,426 shares worth roughly $5.25 million.
Then, MITTELSTAEDT RONALD J sold 25,000 shares, generating $2,801,585 in total proceeds. Upon selling the shares at $112.06, the Director now owns 11,283 shares.
Before that, Childs Russell A sold 27,903 shares. Skywest Inc shares valued at $3,110,217 were divested by the PRESIDENT & CEO at a price of $111.47 per share. As a result of the transaction, Childs Russell A now holds 349,548 shares, worth roughly $41.31 million.
A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early November has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering SKYW and reiterated its “Buy” recommendation on June 04, 2024. TD Cowen revised its rating on February 05, 2024. It rated SKYW as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of SKYW
On Monday, Skywest Inc [NASDAQ:SKYW] saw its stock fall -2.26% to $118.19. Over the last five days, the stock has gained 4.12%. Skywest Inc shares have risen nearly 18.04% since the year began. Nevertheless, the stocks have risen 121.91% over the past one year. While a 52-week high of $135.57 was reached on 01/31/25, a 52-week low of $52.78 was recorded on 01/03/25. SMA at 50 days reached $109.33, while 200 days put it at $88.92.
Levels Of Support And Resistance For SKYW Stock
The 24-hour chart illustrates a support level at 114.00, which if violated will result in even more drops to 109.82. On the upside, there is a resistance level at 121.52. A further resistance level may holdings at 124.86. The Relative Strength Index (RSI) on the 14-day chart is 63.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 60.73%. Stochastics %K at 58.84% indicates the stock is a holding.
How much short interest is there in Skywest Inc?
A steep rise in short interest was recorded in Skywest Inc stocks on 2025-01-15, dropping by 81292.0 shares to a total of 1.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.6 million shares. There was a decline of -5.36%, which implies that there is a negative sentiment for the stock.
