Air Lease Corp’s recent filing unveils that 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 $3.68 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 $4.22 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 -0.68% to $48.22. Over the last five days, the stock has lost -4.33%. Air Lease Corp shares have risen nearly 14.97% since the year began. Nevertheless, the stocks have risen 21.19% 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 $45.07, while 200 days put it at $41.07. A total of 0.58 million shares were traded, compared to the trading of 1.0 million shares in the previous session.
Levels Of Support And Resistance For AL Stock
The 24-hour chart illustrates a support level at 47.66, which if violated will result in even more drops to 47.10. On the upside, there is a resistance level at 49.11. A further resistance level may holdings at 50.01. The Relative Strength Index (RSI) on the 14-day chart is 52.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.69%. Stochastics %K at 21.83% indicates the stock is a holding.
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.
