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Andrew R. Harrison, Executive Vice President and Chief Commercial Officer of Alaska Air Group, Inc. (NYSE:ALK), recently sold 6,600 shares of the company’s common stock. The transaction, which took place on February 20, 2025, was executed at a price of $76.28 per share, amounting to a total value of $503,448. Following this sale, Harrison retains ownership of 34,030 shares in the airline company, which currently has a market capitalization of $8.9 billion.The sale occurs amid strong momentum for ALK shares, which have surged nearly 97% over the past six months. While InvestingPro analysis suggests the stock is slightly overvalued at current levels, it’s worth noting that management has been actively buying back shares. For deeper insights into insider trading patterns and 12 additional exclusive ProTips, explore the comprehensive ALK analysis on InvestingPro.
In other recent news, Alaska Air Group Inc. reported its fourth-quarter 2024 earnings, with earnings per share (EPS) of $0.97, significantly exceeding the forecast of $0.43. The company’s revenue also surpassed expectations, reaching $3.53 billion compared to the anticipated $3.41 billion. Alaska Air achieved a record operating profit of over DKK 1 billion, with European tablet sales growing by 31%, contributing significantly to revenue. The company’s strategic focus on innovation and market expansion has yielded positive results, with robust performance in its European operations and steady growth in North America. Analysts have expressed positive sentiments, with SEB and Jefferies noting the strong earnings beat and market confidence. Looking ahead, Alaska Air anticipates revenue growth of 9-13% in 2025, with plans to expand its product lines and market reach. The company remains focused on exploring external innovation opportunities to drive future growth.
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