EVP & COO of Delta Air Lines Inc. (DAL) Stephen E Gorman sells 15,976 shares of DAL on 12/17/2012 at an average price of $11.75 a share.

Delta Air Lines Inc has a market cap of $9.55 billion; its shares were traded at around $11.83 with a P/E ratio of 4.4 and P/S ratio of 0.2.

CFO Recent Trades:

• Sr. VP & CFO Paul A Jacobson bought 50,000 shares of DAL stock on 08/06/2012 at the average price of 9.34. Paul A Jacobson owns at least 153,881 shares after this. The price of the stock has increased by 26.66% since.

This is the insider trade history vs. stock price of DAL. For the complete insider trading history of DAL, click here.

Directors and Officers Recent Trades:

• Director Kenneth Woodrow bought 25,000 shares of DAL stock on 08/28/2012 at the average price of 8.72. Kenneth Woodrow owns at least 74,183 shares after this. The price of the stock has increased by 35.67% since.
• EVP - HR & Labor Relations Michael H Campbell sold 59,852 shares of DAL stock on 12/18/2012 at the average price of 11.44. Michael H Campbell owns at least 251,464 shares after this. The price of the stock has increased by 3.41% since.
• EVP & COO Stephen E Gorman sold 15,976 shares of DAL stock on 12/17/2012 at the average price of 11.75. Stephen E Gorman owns at least 421,684 shares after this. The price of the stock has increased by 0.68% since.
• Director Mickey P Foret sold 40,000 shares of DAL stock on 12/14/2012 at the average price of 11.32. Mickey P Foret owns at least 49,942 shares after this. The price of the stock has increased by 4.51% since.
• President Edward H Bastian sold 40,000 shares of DAL stock on 12/14/2012 at the average price of 11.26. Edward H Bastian owns at least 355,988 shares after this. The price of the stock has increased by 5.06% since.

For the complete insider trading history of DAL, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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