AerSale Corp’s recently made public that its insider Finazzo Nicolas acquired Company’s shares for reported $0.27 million on Mar 15 ’24. In the deal valued at $7.52 per share,35,277 shares were bought. As a result of this transaction, Finazzo Nicolas now holds 4,392,204 shares worth roughly $30.7 million.
Then, Nichols Robert B. bought 5,500 shares, generating $40,205 in total proceeds. Upon buying the shares at $7.31, the Director now owns 8,500 shares.
Before that, Fedder Judith Ann bought 2,800 shares. AerSale Corp shares valued at $20,580 were divested by the Director at a price of $7.35 per share. As a result of the transaction, Fedder Judith Ann now holds 16,348 shares, worth roughly $0.11 million.
RBC Capital Mkts downgraded its AerSale Corp [ASLE] rating to a Sector perform from a an Outperform in a research note published on August 09, 2023; the price target was decreased to $15 from $20. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. RBC Capital Mkts began covering ASLE with “an Outperform” recommendation on November 30, 2022. Stifel started covering the stock on September 01, 2022. It rated ASLE as “a Buy”.
Price Performance Review of ASLE
On Tuesday, AerSale Corp [NASDAQ:ASLE] saw its stock fall -1.55% to $6.99. Over the last five days, the stock has lost -3.85%. AerSale Corp shares have fallen nearly -44.94% since the year began. Nevertheless, the stocks have fallen -58.83% over the past one year. While a 52-week high of $17.92 was reached on 01/02/24, a 52-week low of $6.59 was recorded on 03/12/24. SMA at 50 days reached $8.36, while 200 days put it at $12.62. A total of 0.22 million shares were traded, compared to the trading of 0.27 million shares in the previous session.
Levels Of Support And Resistance For ASLE Stock
The 24-hour chart illustrates a support level at 6.87, which if violated will result in even more drops to 6.75. On the upside, there is a resistance level at 7.16. A further resistance level may holdings at 7.33. The Relative Strength Index (RSI) on the 14-day chart is 36.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.93%. Stochastics %K at 10.16% indicates the stock is a buying.
How much short interest is there in AerSale Corp?
A steep rise in short interest was recorded in AerSale Corp stocks on Mar 15, 2024, growing by 0.51 million shares to a total of 5.0 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.49 million shares. There was a rise of 10.2%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 58.67% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.25.
The most recent change occurred on January 07, 2021 when Cowen began covering the stock and recommended ‘”a Market perform”‘ rating along with a $16 price target.
