The CFO of SkyWest (NASDAQ: SKYW) is Selling Shares

Yesterday, the CFO of SkyWest (SKYWResearch Report), Robert Simmons, sold shares of SKYW for $1.37M.

Following Robert Simmons’ last SKYW Sell transaction on March 08, 2018, the stock climbed by 3.0%. In addition to Robert Simmons, 3 other SKYW executives reported Sell trades in the last month.

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SKYW’s market cap is $3.11B and the company has a P/E ratio of 9.98. Currently, SkyWest has an average volume of 199.4K.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $72.00, reflecting a 20.9% upside.

In the last 30 days, insiders have sold $2.63M worth of SKYW shares and purchased $1.14M worth of SKYW shares. The insider sentiment on SkyWest has been neutral according to 38 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

Robert Simmons’ trades have generated a 25.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Sky West, Inc. is a holding company, which engages in the provision of scheduled passenger services in the United States of America, Canada, Mexico and the Caribbean. It operates through the following three segments: SkyWest Airlines, ExpressJet, and SkyWest Leasing. The SkyWest Airlines segment provides as well as Mexico and Canada.