Southwest Director Loads Up Shares Worth $100M Amid Activist

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 …

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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 …

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Southwest Director Loads Up Shares Worth $100M Amid Activist …

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Rakesh Gangwal, director of Southwest Airlines , has amassed shares worth $100 million in the past few trading sessions amid activist pressure from Elliott Investment Management.A …

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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, …

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Southwest Director Buys 3.6 Mln Shares, Opposes More Leadership …

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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 …

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Southwest Airlines Director's $100M Stock Buy Signals Confidence …

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Oct 4, 2024 · Southwest Airlines director Rakesh Gangwal invests $100 million in company stock amid leadership shake-up and activist pressure. The purchase comes as the airline faces …

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Southwest Airlines Director Rakesh Gangwal Invests Over $100M …

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Oct 3, 2024 · Gangwal, who co-founded InterGlobe Aviation, bought the shares between Sep. 30 and Oct. 1, at prices ranging from $29 to $30 per share, as per the Securities and Exchange …

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Southwest Faces Leadership Overhaul As Activist Investor ... - Nasdaq

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Sep 10, 2024 · Southwest shares fell 4.3% on the news as broader airline stocks declined. Market Overview: Southwest Airlines faces a significant board overhaul following pressure from Elliott …

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Activist Investor Elliott Calls For Southwest Airlines Leadership ...

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Jun 10, 2024 · Dallas-based Southwest's shares were up 7% at $29.71 after the activist investment management firm disclosed an 11% stake in the company, making it one of the …

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FAQs about Southwest Director Loads Up Shares Worth $100M Amid Activist Coupon?

How much did Gangwal buy Southwest Airlines shares?

As per multiple Form 4 filings registered with the SEC, Gangwal made multiple purchases of LUV shares on September 30 and October 1. In all, Gangwal purchased 3.6 million Southwest Airlines shares at average prices between $29 and $30 per share. ...

Why was southwest's stock up 7%?

Dallas-based Southwest's shares were up 7% at $29.71 after the activist investment management firm disclosed an 11% stake in the company, making it one of the largest investors. Elliott criticized the company's leadership for "disappointing" financial performance at a time when the airline industry is experiencing strong travel demand. ...

Why did a corporate insider buy Southwest Airlines?

A corporate insider’s rapid share purchases indicate continued belief in the company’s future prospects. Southwest is one of America’s low-cost air carriers. Gangwal was appointed to Southwest’s board in July 2024, following increased pressure from Elliott for a board overhaul. ...

Did southwest defend its CEO?

Southwest managed to defend its current CEO, whom the activist had initially looked to push out. Photo: joe skipper/Reuters Southwest Airlines LUV -2.83% struck a truce with Elliott Investment Management, giving the activist a significant presence on its board but not the majority control the hedge fund initially sought. ...

Will a comprehensive Business Review help southwest's stock hit $49 per share?

Southwest shares trade about 19.52 times their forward profit estimates, compared with United's 4.74 and the industry multiple of 7.19. Elliott, known for pushing for change to boost shareholder returns, said a comprehensive business review can help Southwest's stock hit $49 per share within 12 months. ...

Why did southwest put Gangwal on the board?

Southwest put Gangwal on the board in July as activist investor Elliott Investment Management increased pressure on the carrier, demanding leadership and strategy changes to improve financial performance. The company last month announced a board overhaul and other changes. ...