Disney, Netflix, Palo Alto Lead Week’s Insider Trades

In the days leading up to Christmas, top execs from Walt Disney (NYSE:DIS), Netflix (NASDAQ:NFLX), Skyworks Solutions (NASDAQ:SWKS), Palo Alto Networks (NYSE:PANW), Oracle (NYSE:ORCL) and Delta Air Lines (NYSE:DAL) made notable trades.

Delta Air Lines CFO Paul Jacobson on Thursday filed a form with the SEC disclosing the sale of 7,000 shares for $362,180 after disclosing on Tuesday the sale of 10,000 shares for $510,220. Shares rose 4.6% this week, ending Thursday at a 15-year closing high. Following the airline carrier’s investor day presentation last week, several analysts bumped up their price targets after management guided for a smaller drop in Q4 passenger revenue per available seat mile (PRASM) than previously expected.

Netflix Chairman and CEO Reed Hastings filed on Tuesday to disclose the sale of 86,037 shares of the online streaming company, worth $10.08 million. Shares fell 0.6% to 117.33 for the week. Guggenheim Securities, which has a 160 price target and buy rating on the stock, said that the company has created a “virtuous cycle” with original content and market expansion.

Walt Disney Chairman and CEO Bob Iger

Skyworks Solutions President Liam Griffin disclosed on Wednesday that he has sold 5,000 shares for $388,818. Skyworks CEO David Aldrich disclosed earlier in the month the sale of 18,000 shares and has sold about 5,000 shares a week for the last few months. Shares rose 3.9% for the week.

Palo Alto Networks CFO Steffan Tomlinson sold 58,595 shares for a total of $10.55 million, which he disclosed via a Wednesday filing. The company trounced quarterly earnings estimates in November. Shares fell 2.3% this week.

Walt Disney CEO and Chairman Robert Iger acquired 11,960 shares of the media conglomerate, according to a Wednesday filing. CFO Christine McCarthy, COO Thomas Staggs and several other top execs also bought shares recently. “Star Wars: The Force Awakens,” which premiered to much fanfare,decimated opening-weekend box-office records, bringing in over half a billion dollars globally. But shares slid 1.7% this week, which would be its fifth straight weekly decline.

Oracle Director George Conrades filed on Tuesday over the sale of 78,750 shares for $2.9 million. Shares are up 1.8% for the week.

Insider transactions don’t typically have a major impact on a stock or indicate major pending news. Rapid liquidation of all or most of an insider’s holdings, however, can affect a stock.

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