In a filing, AAR Corp. revealed its Senior Vice President-CCO Jessup Christopher A. unloaded Company’s shares for reported $1.12 million on May 06 ’24. In the deal valued at $70.09 per share,15,929 shares were sold. As a result of this transaction, Jessup Christopher A. now holds 51,803 shares worth roughly $3.68 million.
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Then, Pachapa Eric sold 5,121 shares, generating $363,399 in total proceeds. Upon selling the shares at $70.96, the VP-CAO & Controller now owns 25,015 shares.
Before that, Jessup Christopher A. sold 14,973 shares. AAR Corp. shares valued at $1,048,892 were divested by the Senior Vice President-CCO at a price of $70.05 per share. As a result of the transaction, Jessup Christopher A. now holds 51,803 shares, worth roughly $3.68 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 Friday, AAR Corp. [NYSE:AIR] saw its stock jump 1.78% to $70.99. Over the last five days, the stock has gained 5.20%. AAR Corp. shares have risen nearly 13.77% since the year began. Nevertheless, the stocks have risen 23.96% over the past one year. While a 52-week high of $73.95 was reached on 05/16/24, a 52-week low of $54.69 was recorded on 01/08/24. SMA at 50 days reached $68.58, while 200 days put it at $64.15. A total of 1.2 million shares were traded, compared to the trading of 0.27 million shares in the previous session.
Levels Of Support And Resistance For AIR Stock
The 24-hour chart illustrates a support level at 69.67, which if violated will result in even more drops to 68.36. On the upside, there is a resistance level at 71.74. A further resistance level may holdings at 72.50. The Relative Strength Index (RSI) on the 14-day chart is 58.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.21, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.42%. Stochastics %K at 87.21% indicates the stock is a selling.
