Allegiant Travel Co (ALGT) Insider Makes Significant Share Sale

Tuesday, January 02, 2018 10:15 PM ET

Allegiant Travel Co (ALGT) Insider Makes Significant Share Sale

There was a notable sale of shares of Allegiant Travel Co by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Maurice J Gallagher Jr, 10% Owner, Director and Officer — disposed of 17,818 shares in the company having a market value of approximately $2,774,996. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 1,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 18,818 shares and have averaged 9,409 shares per transaction over this time period.

Insider buy/sell trading at Allegiant Travel Co is above the 5 peer company average over the last 90-day period. The Regional Airlines peer group saw 5 buy/sell trades during this period for an average of 1.0 transactions per company. The number of shares per buy/sell trade for Allegiant Travel Co insiders was also higher. Within the peer group there were 0 shares purchased and 39,887 shares sold with company insiders having sold 7,977 shares on average.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to create and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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