Three SkyWest Executives Sold Shares in Three Days; Investors Should Take Note
Greg Wooley, Executive Vice President of Operations at SkyWest (SKYW), sold 17,726 shares on July 30 for $1.9 million through an open-market transaction, according to a recent SEC filing. This marks the third consecutive day that SkyWest executives have divested stock, raising questions about potential motivations behind these sales. Wooley retained ownership of approximately 53,323 shares post-sale, representing around $5.77 million in value. The sale occurred at an average price per share of $108.55 during a period when the company's stock had declined by about 7% over one year. SkyWest reported trailing twelve-month revenue of $4.2 billion and net income of $409.9 million, with a market capitalization of $4.3 billion as of July 30. The airline operates through two segments: regional air services and aircraft leasing.
Tickers: $SKYW
Topics: executive ownership regulatory filings stock transactions