AAR Corp.’s recent filing unveils that its Chairman, President & CEO Holmes John McClain III unloaded Company’s shares for reported $1.76 million on Apr 04 ’24. In the deal valued at $60.21 per share,29,250 shares were sold. As a result of this transaction, Holmes John McClain III now holds 303,621 shares worth roughly $18.68 million.
Then, Holmes John McClain III sold 28,145 shares, generating $1,631,353 in total proceeds. Upon selling the shares at $57.96, the Chairman, President & CEO now owns 303,621 shares.
Before that, PACE PETER sold 5,561 shares. AAR Corp. shares valued at $328,624 were divested by the Director at a price of $59.09 per share. As a result of the transaction, PACE PETER now holds 20,022 shares, worth roughly $1.23 million.
William Blair initiated its AAR Corp. [AIR] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. RBC Capital Mkts began covering AIR with “an Outperform” recommendation on October 22, 2021. The Benchmark Company maintained its rating on March 24, 2021. It rated AIR as “a Buy”.
Price Performance Review of AIR
On Tuesday, AAR Corp. [NYSE:AIR] saw its stock fall -0.82% to $61.52. Over the last five days, the stock has gained 5.36%. AAR Corp. shares have fallen nearly -1.41% since the year began. Nevertheless, the stocks have risen 15.38% over the past one year. While a 52-week high of $73.95 was reached on 02/15/24, a 52-week low of $50.06 was recorded on 01/08/24. SMA at 50 days reached $63.18, while 200 days put it at $61.77. A total of 0.32 million shares were traded, compared to the trading of 0.7 million shares in the previous session.
Levels Of Support And Resistance For AIR Stock
The 24-hour chart illustrates a support level at 60.54, which if violated will result in even more drops to 59.56. On the upside, there is a resistance level at 63.08. A further resistance level may holdings at 64.64. The Relative Strength Index (RSI) on the 14-day chart is 48.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 50.35%. Stochastics %K at 51.35% indicates the stock is a holding.
How much short interest is there in AAR Corp.?
A steep rise in short interest was recorded in AAR Corp. stocks on Mar 28, 2024, growing by 0.24 million shares to a total of 0.96 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 0.72 million shares. There was a rise of 24.75%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.89% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.77.
