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FTAI Aviation Ltd (FTAI) rating initates by RBC Capital Mkts

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FTAI Aviation Ltd’s recent filing unveils that its CEO and Chairman Adams Joseph P. Jr. acquired Company’s shares for reported $4.84 million on May 30 ’24. In the deal valued at $82.00 per share,59,000 shares were bought. As a result of this transaction, Adams Joseph P. Jr. now holds 197,382 shares worth roughly $16.69 million.

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RBC Capital Mkts initiated its FTAI Aviation Ltd [FTAI] rating to an Outperform in a research note published on May 03, 2024; the price target was $85. A number of analysts have revised their coverage, including Stifel’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Hold”. Morgan Stanley began covering FTAI with “an Overweight” recommendation on January 11, 2024. Wolfe Research revised its rating on June 30, 2023. It rated FTAI as “an Outperform” which previously was an “a Peer perform”.

Price Performance Review of FTAI

On Friday, FTAI Aviation Ltd [NASDAQ:FTAI] saw its stock fall -1.81% to $84.56. Over the last five days, the stock has gained 3.18%. FTAI Aviation Ltd shares have risen nearly 82.24% since the year began. Nevertheless, the stocks have risen 186.84% over the past one year. While a 52-week high of $88.64 was reached on 06/13/24, a 52-week low of $27.94 was recorded on 01/03/24. SMA at 50 days reached $77.31, while 200 days put it at $53.96. A total of 0.82 million shares were traded, compared to the trading of 0.71 million shares in the previous session.

Levels Of Support And Resistance For FTAI Stock

The 24-hour chart illustrates a support level at 82.61, which if violated will result in even more drops to 80.65. On the upside, there is a resistance level at 85.73. A further resistance level may holdings at 86.89. The Relative Strength Index (RSI) on the 14-day chart is 56.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.91, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.23%. Stochastics %K at 78.87% indicates the stock is a holding.

The most recent change occurred on September 06, 2022 when Deutsche Bank began covering the stock and recommended ‘”a Sell”‘ rating along with a $29.50 price target.

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