Insider Sale at Southwest Airlines (LUV) Continues Selling Trend

Monday, March 05, 2018 10:15 PM ET

Insider Sale at Southwest Airlines (LUV) Continues Selling Trend

An insider — Michael G Van de Ven, Officer — sold 31,099 shares of Southwest Airlines having a market value of approximately $1,783,395 today, as disclosed in a form 4 document filed with the SEC. There have been 6 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 3,500 company shares and the disposition of 185,790 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 213,389 shares and have averaged 31,484 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. The Regional Airlines peer group saw 16 buy/sell trades during this period for an average of 3.2 transactions per company. The number of shares per buy/sell trade for Southwest Airlines insiders was also higher. Within the peer group there were 3,500 shares purchased and 464,634 shares sold with company insiders disposing of 28,821 shares on average.

To bring into focus 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 in data used 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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