Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Air Transport Services Group Inc shares valued at $11,946 were purchased by Koharik Edward Joseph III on Nov 10 ’23. At $14.64 per share, Koharik Edward Joseph III acquired 816 shares. The insider’s holdings grew to 57,729 shares worth approximately $0.84 million following the completion of this transaction.
Also, Berger Michael L purchased 2,385 shares, netting a total of over 34,845 in proceeds. Following the buying of shares at $14.61 each, the insider now holds 52,354 shares.
Before that, Johns Raymond E Jr had added 1,705 shares to its account. In a trade valued at $24,678, the Director bought Air Transport Services Group Inc shares for $14.47 each. Upon closing the transaction, the insider’s holdings increased to 1,705 shares, worth approximately $0.37 million.
As published in a research note from Susquehanna on November 08, 2023, Air Transport Services Group Inc [ATSG] has been rated down from a Positive to a Neutral and the price target has been revised to $15 from $26. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid September. As of October 21, 2022, Truist has initiated its “Hold” rating for ATSG.
Analyzing ATSG Stock Performance
During the last five days, there has been a surge of approximately 14.25%. Over the course of the year, Air Transport Services Group Inc shares have dropped approximately -17.15%. Shares of the company reached a 52-week high of $17.62 on 01/02/24 and a 52-week low of $11.62 on 03/19/24. A 50-day SMA is recorded $12.88, while a 200-day SMA reached $16.92. Nevertheless, trading volume fell to 0.55 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for Air Transport Services Group Inc (ATSG)
According to the 24-hour chart, there is a support level at 14.32, which, if violated, would cause prices to drop to 14.04. In the upper region, resistance lies at 14.95. The next price resistance is at 15.30. RSI (Relative Strength Index) is 70.24 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.04, which suggests the price will increase in the coming days. Percent R is at 36.98%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
