Friday, February 23, 2018 10:15 PM ET
Insider Sales at Southwest Airlines (LUV) Extends the Selling Trend of Last Quarter
SEC filings today disclosed notable insider sales of Southwest Airlines shares as two insiders — Gary C Kelly, Director and Officer, and Tammy Romo, Officer — disposed of 142,841 shares in the company having a market value of approximately $8,285,023. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the purchase of 3,500 company shares and the sale of 34,626 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 173,967 shares and have averaged 36,193 shares per transaction over this time period.
Insiders at Southwest Airlines have a higher number of buy/sell transactions than the 5-peer company average over the last 90-day period. However, the number of shares per average transaction for Southwest Airlines insider buy-sell trading is very close to the average of the Regional Airlines peer group of companies. This peer group saw 3,500 shares purchased and 313,470 shares sold resulting in an average of 35,219 shares traded and netting out with company insiders disposing of 34,441 shares on average.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data used to create and write this story.
Today’s Insider Activity
* Gary C Kelly, Director and Officer, sold 107,714 shares
* Tammy Romo, Officer, sold 35,127 shares
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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