Yesterday it was reported that the PRESIDENT, HORIZON AIR of Alaska Air (ALK), Joseph Sprague, exercised options to sell 4,570 ALK shares at $34.41 a share, for a total transaction value of $178.4K.
In addition to Joseph Sprague, one other ALK executive reported Sell trades in the last month.
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The company has a one-year high of $72.22 and a one-year low of $20.02. Currently, Alaska Air has an average volume of 385.22K. ALK’s market cap is $4.99 billion and the company has a P/E ratio of 93.20.
Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $51.20, reflecting a -19.3% downside.
The insider sentiment on Alaska Air has been negative according to 56 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Joseph Sprague’s trades have generated a -36.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Alaska Air Group, Inc. is a holding company, which through its subsidiaries, Alaska Airlines, Inc. and Horizon Air Industries, Inc., engages in the provision of air transportation services. It operates through three segments: Alaska Mainline, Alaska Regional and Horizon. The Alaska Mainline segment includes flying Boeing 737 jets and all associated revenues and costs. The Alaska Regional segment records actual on-board passenger revenue, less costs such as fuel, distribution costs, and payments made to Horizon, SkyWest and PenAir under the respective Capacity Purchase Agreements. The Horizon segment operates turboprop Q400 aircraft. The company was founded in 1985 and is headquartered in Seattle, WA.