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Wealth Advisory Sells $15 Million in Delta Stock as Airline Lags Market Rally
The Motley Fool· 2025-10-20 08:21
Florida-based wealth advisory J. L. Bainbridge & Co. Inc. reported a sale of 258,492 Delta Air Lines shares for an estimated $14.8 million in the third quarter.What HappenedAccording to a filing with the U.S. Securities and Exchange Commission released on Friday, J. L. Bainbridge & Co. reduced its stake in Delta Air Lines (DAL -1.16%) by 258,492 shares in the third quarter. The estimated transaction value, based on the average closing price in the quarter, was approximately $14.8 million. Following the trad ...