Southwest new director Gangwal buys $100M stock, urges no …

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

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Gangwal, a co-founder of InterGlobe Aviation, acquired 3.6 million Southwest shares between September 30 and October 1, according to filings with the Securities and Exchange Commission.

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Southwest Airlines Director Rakesh Gangwal Invests Over $100M …

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Rakesh Gangwal, a director at Southwest Airlines Co (NYSE:LUV), has made a significant investment in the company by acquiring 3.6 million shares, valued at over $100 million. This …

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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 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 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 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. ... Rakesh Gangwal purchased the shares …

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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 …

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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 …

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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 Airlines Director Rakesh Gangwal Invests Over $100M …

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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 Commission …

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FAQs about Southwest new director Gangwal buys $100M stock, urges no … Coupon?

Did Gangwal buy southwest shares in 2024?

Details surrounding the purchase were included in several Securities and Exchange Commission (SEC) filings published by Southwest on October 2, 2024. Gangwal purchased the shares on September 30, 2024, and October 1, 2024, in a significant sign that he has confidence in the Southwest leadership. ...

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. ...

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. ...

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. ...

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. ...

How much does Gangwal's stock cost?

The shares were bought at prices ranging from $29 to $30 each. Gangwal made the purchase as soon as the company's trading window for insiders opened, allowing directors and executives to buy or sell stock. ...