Southwest Airlines Co (LUV): Jeff Lamb , EVP, Corporate Services of Southwest Airlines Co sold 18,765 shares on May 26, 2016. The Insider selling transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were sold at $41.79 per share for a total value of $784,250.38 , 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, Mark R Shaw (SVP,Gen Counsel,Corp.Secretary) sold 100 shares at $47.31 per share price.On Apr 27, 2016, David W Biegler (director) sold 8,000 shares at $46.94 per share price.Also, On Feb 26, 2016, Jeff Lamb (EVP, Corporate Services) sold 6,662 shares at $40.67 per share price.On Nov 16, 2015, Gary C Kelly (COB, Pres., & CEO) sold 19,642 shares at $46.74 per share price.
Southwest Airlines Co: On Friday, May 27, 2016 heightened volatility was witnessed in Southwest Airlines Co which led to swings in the share price. The shares opened for trading at $41.82 and hit $42.39 on the upside , eventually ending the session at $42.33, with a gain of 1.29% or 0.54 points. The heightened volatility saw the trading volume jump to 33,15,908 shares. The 52-week high of the share price is $51.34 and the company has a market cap of $27,036 M . The 52-week low of the share price is at $31.36.
Company has been under the radar of several Street Analysts.Southwest Airlines Co is Upgraded by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 48 from a previous price target of $41 .Earlier the firm had a rating of Underweight on the company shares. The Rating was issued on Apr 15, 2016.
Southwest Airlines Co. operates Southwest Airlines (Southwest). Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company serves around 93 destinations in 40 states and runs international services to Montego Bay Nassau Oranjestad Cabo San Lucas/Los Cabos Cancun Mexico City and Punta Cana. It serves around 17 non-stop destinations and 581 non-stop city pairs. It operates around 665 Boeing 737 aircrafts. It provides several products such as Business Select Fly By Priority Lanes and SWABIZ. Its Website southwest.com enables purchasing and managing travel online. It offers southwest.com and swabiz.com in a translated Spanish version. Southwest provides inflight satellite-based wireless fidelity (Wi-Fi) service and live television. Its service offerings include EarlyBird Check-In Pets Are Welcome on Southwest (P.A.W.S.) products Automated Outbound Messaging (AOM) service and southwest.com/rebook.