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Air Lease Corp (AL) rating reiterates by TD Cowen

Air Lease Corp’s recently made public that its EVP AND CFO Willis Gregory B unloaded Company’s shares for reported $0.56 million on May 15 ’24. In the deal valued at $50.06 per share,11,270 shares were sold. As a result of this transaction, Willis Gregory B now holds 67,099 shares worth roughly $3.13 million.

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Then, Khatibi Alex A sold 11,199 shares, generating $530,447 in total proceeds. Upon selling the shares at $47.37, the EVP now owns 76,300 shares.

Before that, Levy Grant A sold 7,500 shares. Air Lease Corp shares valued at $351,165 were divested by the EVP at a price of $46.82 per share. As a result of the transaction, Levy Grant A now holds 150,815 shares, worth roughly $7.04 million.

TD Cowen reiterated its Air Lease Corp [AL] rating to a Buy in a research note published on May 07, 2024; the price target was $56. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in early January with a ‘”an Outperform”‘ rating. Barclays began covering AL with “an Overweight” recommendation on November 15, 2023. Citigroup started covering the stock on May 15, 2023. It rated AL as “a Neutral”.

Price Performance Review of AL

On Monday, Air Lease Corp [NYSE:AL] saw its stock fall -1.85% to $46.65. Over the last five days, the stock has lost -1.23%. Air Lease Corp shares have risen nearly 11.23% since the year began. Nevertheless, the stocks have risen 13.17% over the past one year. While a 52-week high of $52.31 was reached on 04/26/24, a 52-week low of $33.33 was recorded on 01/16/24. SMA at 50 days reached $48.30, while 200 days put it at $42.89. A total of 0.7 million shares were traded, compared to the trading of 1.14 million shares in the previous session.

Levels Of Support And Resistance For AL Stock

The 24-hour chart illustrates a support level at 46.15, which if violated will result in even more drops to 45.64. On the upside, there is a resistance level at 47.42. A further resistance level may holdings at 48.19. The Relative Strength Index (RSI) on the 14-day chart is 46.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.00%. Stochastics%K at 74.93% indicates the stock is a holding.

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