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SEATTLE—Emily Halverson, Vice President of Finance, Controller & Treasurer at Alaska Air Group, Inc. (NYSE:ALK), recently sold a portion of her holdings in the company. According to a filing with the Securities and Exchange Commission, Halverson sold a total of 2,946 shares of common stock on June 5, 2025. The sales were executed at prices ranging from $51.26 to $51.371 per share, amounting to a total transaction value of $151,251. With a market capitalization of $6.4 billion and analysts maintaining a bullish consensus on the stock with price targets reaching up to $83, InvestingPro analysis suggests the company is currently undervalued.
Following these transactions, Halverson holds 8,253 shares of the company directly. This figure includes 431 shares acquired under the company’s Employee Stock Purchase Plan on April 30, 2025, which were exempt from certain regulatory requirements. For deeper insights into insider trading patterns and comprehensive financial analysis, investors can access detailed reports through InvestingPro, which offers exclusive access to over 1,400 Pro Research Reports.
In other recent news, Alaska Air Group reported a challenging first quarter for 2025, with an adjusted net loss of $95 million and earnings per share of -0.77, missing analysts’ forecast of -0.71. Revenue for the quarter was $3.1 billion, falling short of the expected $3.18 billion. Despite the earnings miss, Morgan Stanley (NYSE:MS) analysts maintained an Overweight rating on Alaska Air stock, with a price target of $83.00, citing the airline’s strategic expansion into European routes as a positive development. Alaska Air also announced significant corporate changes, including amendments to its 2016 Performance Incentive Plan and Employee Stock Purchase Plan, extending them through 2035.
Furthermore, Alaska Airlines has formed a new partnership with Philippine Airlines, allowing guests to book flights to Manila and earn Mileage Plan miles. This partnership marks Philippine Airlines as Alaska’s first loyalty partner in North America. Additionally, Alaska Air Group’s stockholders ratified several corporate governance changes, including amendments to the company’s bylaws and the election of all 10 director nominees for one-year terms. The company continues to focus on its long-term growth strategy, aiming for a $10 earnings per share target by 2027.
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