Southwest Airlines Co’s filing revealed 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 $2.61 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 $1.75 billion.
JP Morgan downgraded its Southwest Airlines Co [LUV] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in mid February from “a Hold” to “a Buy”. BofA Securities also remained covering LUV and has decreased its forecast on January 17, 2025 with a “an Underperform” recommendation from previously “Neutral” rating. Citigroup revised its rating on January 16, 2025. It rated LUV as “a Sell” which previously was an “a Neutral”.
Price Performance Review of LUV
On Friday, Southwest Airlines Co [NYSE:LUV] saw its stock fall -1.12% to $29.20. Over the last five days, the stock has lost -5.99%. Southwest Airlines Co shares have fallen nearly -13.15% since the year began. Nevertheless, the stocks have fallen -15.14% 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 03/07/25. SMA at 50 days reached $31.60, while 200 days put it at $29.86.
Levels Of Support And Resistance For LUV Stock
The 24-hour chart illustrates a support level at 28.72, which if violated will result in even more drops to 28.24. On the upside, there is a resistance level at 29.51. A further resistance level may holdings at 29.83. The Relative Strength Index (RSI) on the 14-day chart is 37.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.79%. Stochastics %K at 24.01% indicates the stock is a holding.
