AAR Corp.’s filing revealed that its Senior Vice President-CCO Jessup Christopher A. unloaded Company’s shares for reported $1.05 million on May 03 ’24. In the deal valued at $70.05 per share,14,973 shares were sold. As a result of this transaction, Jessup Christopher A. now holds 51,803 shares worth roughly $3.68 million.
Then, Jessup Christopher A. sold 16,700 shares, generating $1,169,117 in total proceeds. Upon selling the shares at $70.01, the Senior Vice President-CCO now owns 51,803 shares.
Before that, Garascia Jessica A. sold 7,352 shares. AAR Corp. shares valued at $465,912 were divested by the Senior VP, GC, CAO & Secretary at a price of $63.37 per share. As a result of the transaction, Garascia Jessica A. now holds 28,165 shares, worth roughly $2.0 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 -0.06% to $71.06. Over the last five days, the stock has gained 2.78%. AAR Corp. shares have risen nearly 13.88% since the year began. Nevertheless, the stocks have risen 33.75% over the past one year. While a 52-week high of $73.95 was reached on 05/06/24, a 52-week low of $50.06 was recorded on 01/08/24. SMA at 50 days reached $64.18, while 200 days put it at $62.60. A total of 0.27 million shares were traded, compared to the trading of 0.31 million shares in the previous session.
Levels Of Support And Resistance For AIR Stock
The 24-hour chart illustrates a support level at 70.76, which if violated will result in even more drops to 70.47. On the upside, there is a resistance level at 71.32. A further resistance level may holdings at 71.59. The Relative Strength Index (RSI) on the 14-day chart is 76.77, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.68%. Stochastics %K at 95.14% indicates the stock is a selling.
