Alaska Air Group CEO Benito Minicucci bought 25,000 shares in open-market trades after the stock slid 28%. The purchase follows a weak run, with the 7-day share price return down 12.08% and the year-to-date return down 21.56%. The 1-year total shareholder return has declined 32.08%, despite new long-haul routes announced from Seattle to Athens and Paris. The most followed narrative sees a fair value of $62.91 versus the last close of $40.41, implying the stock is 35.8% undervalued. Risks include higher labor and fuel costs and potential setbacks in the Hawaiian Airlines integration.
Alaska Air Group IncCEO's open-market purchase of 25,000 shares signals insider confidence after the stock slide.
