The Attractiveness of Investing In Air Transport Services Group Inc (ATSG) is Growing

Air Transport Services Group Inc’s filing revealed that its Chief Operating Officer Koharik Edward Joseph III acquired Company’s shares for reported $11946.0 on Nov 10 ’23. In the deal valued at $14.64 per share,816 shares were bought. As a result of this transaction, Koharik Edward Joseph III now holds 57,729 shares worth roughly $0.71 million.

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Then, Berger Michael L bought 2,385 shares, generating $34,845 in total proceeds. Upon buying the shares at $14.61, the President now owns 52,354 shares.

Before that, Johns Raymond E Jr bought 1,705 shares. Air Transport Services Group Inc shares valued at $24,678 were divested by the Director at a price of $14.47 per share. As a result of the transaction, Johns Raymond E Jr now holds 25,048 shares, worth roughly $0.31 million.

Susquehanna downgraded its Air Transport Services Group Inc [ATSG] rating to a Neutral from a a Positive in a research note published on November 08, 2023; the price target was decreased to $15 from $26. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid September with a ‘”an Outperform”‘ rating. Truist began covering ATSG with “Hold” recommendation on October 21, 2022.

Price Performance Review of ATSG

On Tuesday, Air Transport Services Group Inc [NASDAQ:ATSG] saw its stock fall -3.21% to $12.35. Over the last five days, the stock has lost -4.04%. Air Transport Services Group Inc shares have fallen nearly -29.87% since the year began. Nevertheless, the stocks have fallen -39.93% over the past one year. While a 52-week high of $24.96 was reached on 01/02/24, a 52-week low of $11.76 was recorded on 03/01/24. SMA at 50 days reached $14.87, while 200 days put it at $18.10. A total of 0.48 million shares were traded, compared to the trading of 1.69 million shares in the previous session.

Levels Of Support And Resistance For ATSG Stock

The 24-hour chart illustrates a support level at 12.19, which if violated will result in even more drops to 12.03. On the upside, there is a resistance level at 12.67. A further resistance level may holdings at 12.99. The Relative Strength Index (RSI) on the 14-day chart is 33.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.24%. Stochastics %K at 40.22% indicates the stock is a holding.

How much short interest is there in Air Transport Services Group Inc?

A steep rise in short interest was recorded in Air Transport Services Group Inc stocks on Feb 29, 2024, growing by 1.07 million shares to a total of 5.23 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 4.16 million shares. There was a rise of 20.46%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 12.52% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.68.

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