Today it was reported that the CCO of SkyWest (NASDAQ: SKYW), Wade Steel, exercised options to sell 17,731 SKYW shares at $14.15 a share, for a total transaction value of $1.06M.
Following Wade Steel’s last SKYW Sell transaction on November 12, 2015, the stock climbed by 40.5%. In addition to Wade Steel, one other SKYW executive reported Sell trades in the last month.
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SKYW’s market cap is $3.11B and the company has a P/E ratio of 6.66. Currently, SkyWest has an average volume of 211.9K.
One of the top 25 analysts, according to TipRanks.com, recently recommended Buy SKYW with a $66 price target. Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $64.67, reflecting a -8.1% downside.
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Sky West, Inc. is a holding company, which engages in the provision of scheduled passenger services in the United States of America, Canada, Mexico and the Caribbean. It operates through the following segments: SkyWest Airlines, ExpressJet, and SkyWest Leasing.
