Southwest Airlines Co’s recent filing unveils 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 $ 2.71 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 $1.81 billion.
Argus upgraded its Southwest Airlines Co [LUV] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid January from “a Neutral” to “an Underperform”. Citigroup also remained covering LUV and has decreased its forecast on January 16, 2025 with a “Sell” recommendation from previously “Neutral” rating.
Price Performance Review of LUV
On Friday, Southwest Airlines Co [NYSE:LUV] saw its stock jump 1.17% to $30.28. Over the last five days, the stock has lost -2.32%. Southwest Airlines Co shares have fallen nearly -9.93% since the year began. Nevertheless, the stocks have fallen -6.92% 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 02/13/25. SMA at 50 days reached $32.50, while 200 days put it at $29.65.
Levels Of Support And Resistance For LUV Stock
The 24-hour chart illustrates a support level at 29.95, which if violated will result in even more drops to 29.62. On the upside, there is a resistance level at 30.47. A further resistance level may holdings at 30.67. The Relative Strength Index (RSI) on the 14-day chart is 38.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.95%. Stochastics %K at 18.75% indicates the stock is a buying.
How much short interest is there in Southwest Airlines Co?
A steep rise in short interest was recorded in Southwest Airlines Co stocks on 2025-01-31, dropping by -0.68 million shares to a total of 34.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 35.36 million shares. There was a decline of -1.96%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 06, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $28.
