Paul Jacobson (Insider Trades), Executive Vice President and CFO of Delta Air Lines Inc. (DAL), bought 25,000 shares of the company on July 25. The average price per share was $38.91, for a total transaction amount of $972,750. Delta Air Lines is a global airline company headquartered in Atlanta, Georgia. The company has a market cap of $28.87 billion.
The number and volume of insider buys decreased from five transactions of 29,000 shares in 2013, to three transactions totaling 5,000 shares in 2014. There were four insider buys totaling 18,415 shares in the following year. Jacobson’s aforementioned transaction is his sole insider buy with DAL since 2013 to date. Jacobson sold 107,000 shares of the company in 13 transactions during the same time frame. His earliest insider sell in November 2013 increased in value by about 40% since then. Another DAL insider, Executive Chairman of the Board, Richard Anderson (Insider Trades), sold 758,000 shares of the company on July 15. The average price per share price was $40.07. Month end price and the number of insider sells were directly related from 2013 to 2015. For more information about insider trades with DAL, click here. Continue Reading »