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Many United Airlines Holdings, Inc. (NASDAQ:UAL) insiders ditched their stock over the past year, which may be of interest to the company's shareholders. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, if numerous insiders are selling, shareholders should investigate more.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for United Airlines Holdings
The Last 12 Months Of Insider Transactions At United Airlines Holdings
In the last twelve months, the biggest single sale by an insider was when the insider, Linda Jojo, sold US$5.7m worth of shares at a price of US$95.13 per share. That means that even when the share price was slightly below the current price of US$95.67, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 49% of Linda Jojo's holding.
United Airlines Holdings insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.
Insiders At United Airlines Holdings Have Sold Stock Recently
Over the last three months, we've seen significant insider selling at United Airlines Holdings. In total, insiders sold US$9.6m worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap.
Insider Ownership Of United Airlines Holdings
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that United Airlines Holdings insiders own 0.5% of the company, worth about US$167m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.