Are Insiders Foreseeing Turbulence For Alaska Air Group Inc. (ALK), Village Super Market Inc. (VLGEA), And QAD Inc. (QADA)?

Proceeding ahead, Alaska Air Group, Inc. (NYSE:ALK) saw its Executive Vice President of Operations and Chief Operating Officer, Benito Minicucci, disposing of 5,000 shares on September 9 at a weighted average price of $81.31. Following this transaction, Mr. Minicucci now owns 70,494 shares of the company directly, 23,530 of which are restricted stock units awarded under the 2008 performance incentive plan of the company. Even though most other airlines have had it rough this year and are trading in the red, Alaska Air Group, Inc. (NYSE:ALK) is one of the few stocks from the sector that can boast of significant year-to-date gains, at 36.62%, thanks mostly to the rally it has had in the past three months. On September 2, the company reported increasing its capacity by 7.7% to 3.57 billion available seat miles during the month of August. Israel Englander‘s Millennium Management was one of the hedge funds that initiated a stake in the company during the April-June period, buying almost 740,000 shares.

Finally, Daniel Lender, who serves as the Chief Financial Officer and Executive Vice President at QAD Inc. (NASDAQ:QADA), reduced his stake in the company by 1,968 shares on September 9, at a weighted average price of $25.71. Mr. Lender has been selling shares of QAD Inc. quite often in the past few days and now owns 177,846 shares. The stock of QAD Inc. (NASDAQ:QADA) has been range-bound for nearly the past six months, and is currently trading up by 11.62% year-to-date. It recently had a big spike on August 27 following the release of the company’s second quarter earnings results on August 26. EPS for the second quarter came in at $0.19 on revenue of $71.30 million, compared to analysts’ consensus estimate of EPS of $0.11 on revenue of $73.10 million. Jim Simons‘ Renaissance Technologies reduced its stake in the company by 12% to slightly under 410,000 shares during the second quarter.

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