Southwest Airlines Director Buys $107 Million of Stock, Backs

Director Rakesh Gangwal paid $106.7 million over Sept. 30 and Oct. 1 for 3.6 million Southwest shares, an average price of $29.64 each, according to a form he filed with the Securities and ...


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Southwest Airlines Director Buys $107 Million Of Stock, Backs

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Director Rakesh Gangwal paid $106.7 million over Sept. 30 and Oct. 1 for 3.6 million Southwest shares, an average price of $29.64 each, according to a form he filed with the Securities and ...

msn.com

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Southwest Airlines Gains After A Key Board Member Invests $107M, …

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Director Rakesh Gangwal bought 3,600,000 shares worth about $106.7 million in a series of transactions that ranged in price from $29 to $30. Gangwal was appointed to the Southwest …

msn.com

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Southwest Airlines Director Buys $107 Million Of Stock, Backs ...

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Oct 3, 2024  · Director Rakesh Gangwal just bought 3.6 million Southwest shares, and says that more changes “would be counterproductive and not in the best interest of shareholders.”

barrons.com

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Southwest New Director Gangwal Buys $100M Stock, Urges No …

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Oct 3, 2024  · Investing.com -- Southwest Airlines (NYSE:LUV) board member Rakesh Gangwal, appointed during increased pressure from activist investor Elliott Investment Management, …

yahoo.com

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Southwest Airlines (LUV) Stock Rises After Billionaire Gangwal’s …

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Oct 3, 2024  · Southwest Airlines Co. shares are climbing after board member and billionaire co-founder of InterGlobe Aviation Ltd., Rakesh Gangwal, purchased about $107 million worth of …

bloomberg.com

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Southwest Airlines Stock Rises As Rakesh Gangwal Buys Shares

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Oct 3, 2024  · Southwest Airlines Co. shares are climbing after board member and billionaire co-founder of InterGlobe Aviation Ltd., Rakesh Gangwal, purchased about $107 million worth of …

chicagobusiness.com

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Southwest Air Up As Insider Gangwal Buys $107 Million Of Shares

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Oct 3, 2024  · Southwest Airlines Co. shares are climbing after board member and billionaire co-founder of InterGlobe Aviation Ltd., Rakesh Gangwal, purchased about $107 million worth of …

bloomberglaw.com

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Southwest Airlines Stock Gets A Lift After Director Gangwal’s …

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Oct 3, 2024  · Shares of Southwest Airlines Co (LUV) rose over 2% on Thursday after SEC filings showed board member and Interglobe Aviation co-founder Rakesh Gangwal purchasing a …

stocktwits.com

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Southwest Director Buys 3.6 Million Shares, Opposes More …

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Oct 3, 2024  · Southwest Airlines Director Rakesh Gangwal, who was picked by the company to join its board amid growing pressure from an activist investor, bought more than $100 million …

yahoo.com

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Southwest Director Buys 3.6 Million Shares, Opposes More …

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Oct 3, 2024  · Southwest Airlines Director Rakesh Gangwal, who was picked by the company to join its board amid growing pressure from an activist investor, bought more than $100 million …

yahoo.com

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Southwest Director Buys Over $100M In Stock, Wary Of Further …

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Oct 3, 2024  · A new member of the Southwest Airlines board of directors has purchased 3.6 million shares in the company for over $100 million, having assessed plans presented at a …

aviationweek.com

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Southwest Shares Jump After Activist Fund Buys 11% Stake—And …

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Jun 10, 2024  · Shares of Southwest Airlines rose 9% on Monday and headed toward their largest single-day gain in nearly four years, after activist firm Elliott Investment Management …

forbes.com

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Southwest Director Loads Up Shares Worth $100M Amid Activist

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Oct 3, 2024  · Rakesh Gangwal, director of Southwest Airlines (LUV), has amassed shares worth $100 million in the past few trading sessions amid activist pressure from Elliott Investment …

nasdaq.com

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An Updated Outlook And A Stock Buyback Plan Send Southwest …

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Sep 26, 2024  · Southwest Airlines shares jumped Thursday as the airline announced a new $2.5 billion stock buyback plan and updated projections for revenue and fuel costs for the third quarter.

investopedia.com

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This Is Why A Southwest Airlines Investor Is Telling Shareholders To ...

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Sep 25, 2024  · After buying up a $1.9 million stake in Southwest Airlines in June 2024, hedge fund Elliott Investment Management has wasted no time expressing its desire to see a …

thestreet.com

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Southwest Airlines' Stock Surges After Activist Elliott Says It Can ...

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Jun 10, 2024  · If Southwest listens to its proposals, the stock can rally to $49 a share within 12 months, which would represent a gain of about 77% from Friday's closing price of $27.75.

morningstar.com

FAQs about Southwest Airlines Director Buys $107 Million of Stock, Backs Coupon?

Did Rakesh Gangwal buy Southwest Airlines stock?

Follow all new stories by Peyton Forte Southwest Airlines Co. shares are climbing after board member and billionaire co-founder of InterGlobe Aviation Ltd., Rakesh Gangwal, purchased about $107 million worth of the company’s stock, according to Securities and Exchange Commission filings on Thursday. ...

Who bought Southwest Airlines shares?

In a series of transactions disclosed over seven filings, Gangwal acquired 3.6 million of the carrier’s common shares for roughly $29 apiece. In addition to Gangwal, Gary Kelly, the executive chairman of the board, also bought shares. Southwest’s shares rose as mcuh as 4.7% as of 2:40 p.m. in New York. ...

Why did a director buy a $100 million share of Southwest Airlines?

S outhwest Airlines has been feeling the heat from activist pressure, and one director just bought more than $100 million of shares of the airline. Elliott Management has called for the replacement of Southwest CEO Bob Jordan, and the ouster of Executive Chairman Gary Kelly. ...

Did insiders buy Southwest Airlines?

Southwest Airlines Co. (NYSE:LUV) pushed higher in premarket trading on Thursday after the airline company disclosed some insider buying action. Director Rakesh Gangwal bought 3,600,000 shares worth about $106.7 million in a series of transactions that ranged in price from $29 to $30. ...

How much did Rakesh Gangwal pay for southwest stock?

Upbeat guidance near the end of the month, with the company’s Investor Day, bolstered Southwest stock. Director Rakesh Gangwal paid $106.7 million over Sept. 30 and Oct. 1 for 3.6 million Southwest shares, an average price of $29.64 each, according to a form he filed with the Securities and Exchange Commission. ...

Who owns southwest holdings?

Elliott owns roughly 8% of the shares outstanding and about 11% interest when also including derivatives. In September, Southwest said that Kelly is retiring after the 2025 annual meeting and that the company’s board remains confident in Jordan’s leadership. ...

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