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Insider Sale Alert: Skywest Inc [SKYW] – Is it Time to sell?

Skywest Inc’s filing revealed that its EXEC VP OPERATIONS Wooley Greg unloaded Company’s shares for reported $1.54 million on Feb 18 ’25. In the deal valued at $105.73 per share,14,545 shares were sold. As a result of this transaction, Wooley Greg now holds 68,737 shares worth roughly $6.73 million.

Then, Wooley Greg bought 14,545 shares, generating $1,537,889 in total proceeds.

Before that, SIMMONS ROBERT J sold 6,000 shares. Skywest Inc shares valued at $681,401 were divested by the CHIEF FINANCIAL OFFICER at a price of $113.57 per share. As a result of the transaction, SIMMONS ROBERT J now holds 175,067 shares, worth roughly $17.13 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 Tuesday, Skywest Inc [NASDAQ:SKYW] saw its stock jump 1.67% to $97.86. Over the last five days, the stock has lost -6.11%. Skywest Inc shares have fallen nearly -2.27% since the year began. Nevertheless, the stocks have risen 60.32% over the past one year. While a 52-week high of $135.57 was reached on 01/31/25, a 52-week low of $60.19 was recorded on 02/24/25. SMA at 50 days reached $108.25, while 200 days put it at $91.56.

Levels Of Support And Resistance For SKYW Stock

The 24-hour chart illustrates a support level at 96.32, which if violated will result in even more drops to 94.79. On the upside, there is a resistance level at 98.97. A further resistance level may holdings at 100.09. The Relative Strength Index (RSI) on the 14-day chart is 31.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.55%. Stochastics %K at 4.18% indicates the stock is a buying.

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