Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AAR Corp. shares valued at $465,912 were sold by Garascia Jessica A. on Apr 09 ’24. At $63.37 per share, Garascia Jessica A. sold 7,352 shares. The insider’s holdings dropped to 28,165 shares worth approximately $1.78 million following the completion of this transaction.
Also, Holmes John McClain III sold 29,250 shares, netting a total of over 1,761,061 in proceeds. Following the sale of shares at $60.21 each, the insider now holds 303,621 shares.
Before that, Holmes John McClain III had sold 28,145 shares from its account. In a trade valued at $1,631,353, the Chairman, President & CEO traded AAR Corp. shares for $57.96 each. Upon closing the transaction, the insider’s holdings decreased to 28,145 shares, worth approximately $19.14 million.
As published in their initiating research note from William Blair on January 29, 2024, AAR Corp. [AIR] has been an Outperform. Analysts at Stifel started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of October 22, 2021, RBC Capital Mkts has initiated its “an Outperform” rating for AIR. Earlier on March 24, 2021, The Benchmark Company resumed its rating. Their recommendation was “a Buy” for AIR stock.
Analyzing AIR Stock Performance
During the last five days, there has been a surge of approximately 1.45%. Over the course of the year, AAR Corp. shares have jumped approximately 1.01%. Shares of the company reached a 52-week high of $69.85 on 02/15/24 and a 52-week low of $55.00 on 01/08/24. A 50-day SMA is recorded $63.28, while a 200-day SMA reached $61.94. Nevertheless, trading volume fell to 0.53 million shares from 0.17 million shares the previous day.
Support And Resistance Levels for AAR Corp. (AIR)
According to the 24-hour chart, there is a support level at 61.85, which, if violated, would cause prices to drop to 60.66. In the upper region, resistance lies at 64.35. The next price resistance is at 65.66. RSI (Relative Strength Index) is 56.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.09, which suggests the price will increase in the coming days. Percent R is at 21.20%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
