In a filing, Air Lease Corp revealed its EVP Khatibi Alex A unloaded Company’s shares for reported $0.53 million on Mar 15 ’24. In the deal valued at $47.37 per share,11,199 shares were sold. As a result of this transaction, Khatibi Alex A now holds 76,300 shares worth roughly $3.85 million.
Then, Levy Grant A sold 7,500 shares, generating $351,165 in total proceeds. Upon selling the shares at $46.82, the EVP now owns 150,815 shares.
Before that, Khatibi Alex A sold 11,198 shares. Air Lease Corp shares valued at $482,740 were divested by the EVP at a price of $43.11 per share. As a result of the transaction, Khatibi Alex A now holds 87,499 shares, worth roughly $4.41 million.
BMO Capital Markets initiated its Air Lease Corp [AL] rating to an Outperform in a research note published on January 10, 2024; the price target was $54. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in mid November with a ‘”an Overweight”‘ rating. Citigroup began covering AL with “Neutral” recommendation on May 15, 2023.
Price Performance Review of AL
On Monday, Air Lease Corp [NYSE:AL] saw its stock fall -0.28% to $50.40. Over the last five days, the stock has lost -1.52%. Air Lease Corp shares have risen nearly 20.17% since the year began. Nevertheless, the stocks have risen 31.59% over the past one year. While a 52-week high of $51.77 was reached on 03/28/24, a 52-week low of $33.33 was recorded on 01/16/24. SMA at 50 days reached $44.46, while 200 days put it at $40.87. A total of 0.91 million shares were traded, compared to the trading of 1.19 million shares in the previous session.
Levels Of Support And Resistance For AL Stock
The 24-hour chart illustrates a support level at 50.10, which if violated will result in even more drops to 49.80. On the upside, there is a resistance level at 50.81. A further resistance level may holdings at 51.22. The Relative Strength Index (RSI) on the 14-day chart is 70.37, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.03%. Stochastics %K at 76.47% indicates the stock is a holding.
How much short interest is there in Air Lease Corp?
A steep rise in short interest was recorded in Air Lease Corp stocks on Mar 15, 2024, growing by 1.32 million shares to a total of 2.95 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.63 million shares. There was a rise of 44.75%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.83% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.14.
The most recent change occurred on March 15, 2022 when HSBC Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $50 price target.
