Southwest Airlines, Gangwal
Southwest Air Rises After Billionaire Gangwal Buys $108 Million of Shares
Southwest Airlines Co. shares are climbing after board member and billionaire co-founder of InterGlobe Aviation Ltd., Rakesh Gangwal, purchased about $107 million worth of the company’s stock, according to Securities and Exchange Commission filings on Thursday.
Rakesh Gangwal buys $108 million of shares in Southwest Airlines
In a series of transactions disclosed over seven filings, Gangwal acquired 3.6 million of the carrier’s common shares for roughly $29 apiece.
Southwest director buys 3.6 mln shares, opposes more leadership changes
Southwest Airlines Director Rakesh Gangwal, who was picked by the company to join its board amid growing pressure from an activist investor, bought more than $100 million in stock and said on Wednesday more top level leadership changes would be "counterproductive.
Southwest Airlines board member buys 3.6M shares
Southwest Airlines (LUV) stock climbed Thursday after board member Rakesh Gangwal made a significant investment in the company. Gangwal purchased 3.6 million shares, valued at approximately $108 million,
Southwest Airlines Director Buys $107 Million of Stock, Backs Leadership
Director Rakesh Gangwal just bought 3.6 million Southwest shares, and says that more changes “would be counterproductive and not in the best interest of shareholders.”
Southwest Director Loads Up Shares Worth $100M Amid Activist Pressure
Rakesh Gangwal, director of Southwest Airlines ($LUV), has amassed shares worth $100 million in the past few trading sessions amid activist
Southwest Airlines gains after a key board member invests $107M, backs current management
Southwest Airlines Co. (NYSE:LUV) pushed higher in premarket trading on Thursday after the airline company disclosed some insider buying action. Director Rakesh Gangwal bought 3,600,000 shares worth about $106.
The Succession-style battle at Southwest just had another major update
Over the last couple of months, the battle for control of the Dallas-based Southwest Airlines (LUV) has been nothing but ...
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New Southwest director backs leadership after making $100 million investment
The new Southwest director and IndiGo co-founder Rakesh Gangwal has purchased 3.6 million shares in the airline and backed ...
A Southwest Airlines director bought $100 million in stock to fight activist investor Elliott
Southwest Airlines (LUV) just got a big endorsement of its turnaround plan — from the inside. Reuters reports that board of ...
IndiGo's Gangwal buys $100 million stake in Southwest
Rakesh Gangwal, co-founder of IndiGo, purchased $100 million worth of Southwest shares, between $29 and $30 each, following a ...
Top Stock Movers Now: Constellation Brands, Tesla, Stellantis, and More
U.S. equities were mixed at midday following a report showing weekly jobless claims were more than anticipated ahead of ...
How Did IndiGo Succeed In Bringing Low-Cost Aviation To India?
According to Business Standard, IndiGo aimed to learn from the successes of no-frills carriers in Europe like Ryanair and ...
Rakesh Gangwal invests over $100 million in Southwest Airlines shares
According to filings with the Securities and Exchange Commission, Gangwal bought the shares between September 30 and October ...