Delta Air Lines Inc. (DAL) Sees Freshly-Resigned CEO Offload Shares, Plus Notable Insider Buying at Four Other Companies

Maker of Impact-Resistant Tablet Computers Registers More Insider Buying

Xplore Technologies Corp. (NASDAQ:XPLR) saw one of its most informed executives pile up shares this past week. Mark Holleran, President and Chief Operating Officer, bought 2,000 shares last Monday at a weighted average price of $2.36 per share. After the not-so-distant purchase, Mr. Holleran currently owns 439,018 shares.

The shares of the Austin-based maker of impact-resistant tablet computers are down 58% since the beginning of the year. Xplore Technologies Corp. (NASDAQ:XPLR) recently reported record revenue of $100.5 million for fiscal 2016 that ended March 31, up from $42.6 million posted for fiscal 2015. However, the world’s second-largest provider of rugged tables posted a GAAP net loss of $0.03 per share, missing analysts’ estimates of net income of $0.08 per share. The company has to defend its market share amid strong competition from Panasonic, the largest provider of mobile rugged computers, and other industry competitors. Jim Simons’ Renaissance Technologies LLC had 33,500 shares of Xplore Technologies Corp. (NASDAQ:XPLR) in its portfolio at the end of the first quarter.

Former CEO of This Carrier Sells Massive Block of Shares

Delta Air Lines Inc. (NYSE:DAL) recorded a massive insider sale this past week, so let’s have a brief look at the company’s fresh insider selling. Richard H. Anderson, who retired as CEO of Atlanta-based Delta and became Executive Chairman of the company’s Board, sold 608,000 freshly-exercised stock options on Friday at prices that fell between $39.89 and $40.44 per share. Mr. Anderson also reported the sale of 150,000 shares on the same day at prices ranging from $39.00 to $39.97 per share, all of which were owned by his wife. After the recent transactions, the freshly-retired CEO currently holds a direct ownership stake of 135,827 shares.

The second-largest airline in the United States by traffic has seen the value of its shares decline by 21% since the start of 2016. Delta Air Lines Inc. (NYSE:DAL)’s stock performance has been weighted by the deadly terror attack in Nice, France earlier this month, as well as disappointing revenue guidance for the September quarter. The carrier anticipates passenger unit revenue to decline in the range of 4%-to-6% for the September quarter. Delta Air Lines also plans to reduce its U.S.-U.K capacity on its winter schedule due to a steep decline in the British pound and mounting economic uncertainty around the imminent Brexit. Ray Carroll’s Breton Hill Capital acquired a new stake of 22,087 shares of Delta Air Lines Inc. (NYSE:DAL) during the June quarter.

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