Suspicion Surrounding American Airlines ‘Big Six’ Stock Purchase

June 12, 2019 Admin 0

June 12, 2019

In a recent article published on Inc.com, it was reported that six of American Airlines’ top executives recently purchased over $3 million in company stock, almost half of which was bought by CEO Doug Parker. These six executives now own over $129 million in American stock. After the news of their purchases was announced, the stock surged about 12% making them $300,000 on the stock they just bought and $15 million on the stock they already own.

It is not a coincidence that the “Big Six” made these purchases while the stock was near its lowest … Read More...