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.
• 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.