The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Skywest Inc shares valued at $1,537,889 were sold by Wooley Greg on Feb 18 ’25. At $105.73 per share, Wooley Greg sold 14,545 shares. The insider’s holdings dropped to 68,737 shares worth approximately $6.94 million following the completion of this transaction.
Also, Wooley Greg purchased 14,545 shares, netting a total of over 1,537,889 in proceeds.
Before that, SIMMONS ROBERT J had sold 6,000 shares from its account. In a trade valued at $681,401, the CHIEF FINANCIAL OFFICER traded Skywest Inc shares for $113.57 each. Upon closing the transaction, the insider’s holdings decreased to 6,000 shares, worth approximately $17.68 million.
Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in early November. As of June 04, 2024, TD Cowen has reiterated its “Buy” rating for SKYW. Earlier on February 05, 2024, TD Cowen upgraded its rating. Their new recommendation was “an Outperform” for SKYW stock which previously was a “a Market perform”.
Analyzing SKYW Stock Performance
During the last five days, there has been a drop of approximately -8.85%. Over the course of the year, Skywest Inc shares have jumped approximately 0.88%. Shares of the company reached a 52-week high of $135.57 on 01/31/25 and a 52-week low of $99.22 on 02/20/25. A 50-day SMA is recorded $108.89, while a 200-day SMA reached $91.25. Nevertheless, trading volume fell to 0.58 million shares from 0.45 million shares the previous day.
Support And Resistance Levels for Skywest Inc (SKYW)
According to the 24-hour chart, there is a support level at 99.59, which, if violated, would cause prices to drop to 98.18. In the upper region, resistance lies at 102.05. The next price resistance is at 103.10. RSI (Relative Strength Index) is 32.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -10.00, which suggests the price will decrease in the coming days. Percent R is at 95.08%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
