Wednesday, January 17, 2018 10:15 PM ET
Insider Selling at Allegiant Travel Co (ALGT) Continues with Significant Sale
There was a substantial insider sale of Allegiant Travel Co shares today, as indicated in a filing with the SEC as — Maurice J Gallagher Jr, 10% Owner, Director and Officer — disposed of 182,182 shares in the company having a market value of approximately $30,457,484 There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 18,818 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 201,000 shares and have averaged 67,000 shares per transaction over this time period.
Insiders at Allegiant Travel Co have a higher number of buy/sell trades than the 5-peer company average over the last 90-day period. The Regional Airlines peer group saw 6 buy/sell trades during this period for an average of 1.2 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 57,705 shares sold with company insiders disposing of 9,618 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 evaluate and write this story.
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