Alaska Air Group, Inc. (ALK): Bradley D Tilden , CHAIRMAN, PRESIDENT AND CEO of Alaska Air Group, Inc. sold 5,000 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $66.39 per share for a total value of $331,950.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 5, 2016, Joseph A Sprague (SR VP/COMM & EXT RELATIONS) sold 6,667 shares at $70.00 per share price.On May 5, 2016, Brandon Pedersen (EXEC VP/FINANCE & CFO) sold 13,794 shares at $69.67 per share price.Also, On Apr 26, 2016, Andrew R Harrison (EVP & CRO) sold 13,813 shares at $76.04 per share price.On Apr 21, 2016, Bradley D Tilden (CHAIRMAN, PRESIDENT AND CEO) sold 5,000 shares at $82.36 per share price.
Alaska Air Group: On Monday, May 16, 2016 heightened volatility was witnessed in Alaska Air Group which led to swings in the share price. The shares opened for trading at $66.61 and hit $67.2 on the upside , eventually ending the session at $66.31, with a gain of 0.08% or 0.05 points. The heightened volatility saw the trading volume jump to 24,51,191 shares. The 52-week high of the share price is $87.171 and the company has a market cap of $8,173 M . The 52-week low of the share price is at $58.15.
Company has been under the radar of several Street Analysts.Alaska Air Group is Resumed by Cowen to Outperform and the brokerage firm has set the Price Target at $89. The Rating was issued on May 16, 2016.Alaska Air Group is Downgraded by Buckingham Research to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 22, 2016.Alaska Air Group is Upgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on Apr 5, 2016.Alaska Air Group is Upgraded by JP Morgan to Neutral. Earlier the firm had a rating of Underweight on the company shares. The Rating was issued on Apr 4, 2016.
Alaska Air Group Inc. is a holding company of Alaska Airlines Inc. (Alaska) and Horizon Air Industries Inc. (Horizon). The Company operates Alaska Airlines and Horizon Air airlines which together with its partner regional airlines serve approximately 100 cities through a network in Alaska the Lower 48 Hawaii Canada and Mexico. The Company operates in three segments: Alaska Mainline Alaska Regional and Horizon. Alaska Mainline is the Boeing 737 part of Alaska’s business. Alaska Regional is Alaska’s shorter distance network. Horizon operates regional aircraft. In 2014 the Company carried approximately 29 million passengers. Alaska operates a fleet of passenger jets (mainline) and contracts with Horizon SkyWest Airlines Inc. (SkyWest) and Peninsula Airways Inc. (PenAir) for regional capacity under which Alaska receives all passenger revenue from those flights. Horizon operates a fleet of turboprop aircraft and sells all of its capacity to Alaska.