Alaska Air Group, Inc. (ALK) Files Form 4 Insider Selling : Brandon Pedersen Sells 13,794 Shares

Alaska Air Group, Inc. (ALK): Brandon Pedersen , EXEC VP/FINANCE & CFO of Alaska Air Group, Inc. sold 13,794 shares on May 4, 2016. The Insider selling transaction was reported by the company on May 5, 2016 to the Securities and Exchange Commission. The shares were sold at $69.67 per share for a total value of $957,848.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 27, 2016, Joseph A Sprague (SR VP/COMM & EXT RELATIONS) sold 8,800 shares at $75.61 per share price.On Apr 26, 2016, Andrew R Harrison (EVP & CRO) sold 13,813 shares at $76.04 per share price.Also, On Apr 21, 2016, Bradley D Tilden (CHAIRMAN, PRESIDENT AND CEO) sold 5,000 shares at $82.36 per share price.On Feb 19, 2016, Brandon Pedersen (EXEC VP/FINANCE & CFO) sold 10,283 shares at $72.24 per share price.

Shares of Alaska Air Group (ALK) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -1.31 points or -1.86% at $69.1 with 12,63,080 shares getting traded. Post opening the session at $69.68, the shares hit an intraday low of $68.9 and an intraday high of $69.89 and the price vacillated in this range throughout the day. The company has a market cap of $8,619 M and the number of outstanding shares has been calculated to be 12,47,29,056 shares. The 52-week high of Alaska Air Group is $87.171 and the 52-week low is $58.15.

Alaska Air Group Money Flow Index Chart

Company has been under the radar of several Street Analysts.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.

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