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ATSG Shares Experience Decline in Value

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Air Transport Services Group Inc shares valued at $64,058 were purchased by HETE JOSEPH C on Jun 07 ’24. At $12.81 per share, HETE JOSEPH C acquired 5,000 shares. The insider’s holdings grew to 594,302 shares worth approximately $8.14 million following the completion of this transaction.

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Also, Berger Michael L purchased 3,996 shares, netting a total of over 49,830 in proceeds. Following the buying of shares at $12.47 each, the insider now holds 103,705 shares.

Before that, Koharik Edward Joseph III had added 816 shares to its account. In a trade valued at $11,946, the Chief Operating Officer bought Air Transport Services Group Inc shares for $14.64 each. Upon closing the transaction, the insider’s holdings increased to 816 shares, worth approximately $0.79 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 3.24%. Over the course of the year, Air Transport Services Group Inc shares have dropped approximately -22.20%. 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 $13.43, while a 200-day SMA reached $15.43. Nevertheless, trading volume fell to 0.17 million shares from 0.35 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 13.80, which, if violated, would cause prices to drop to 13.61. In the upper region, resistance lies at 14.32. The next price resistance is at 14.64. RSI (Relative Strength Index) is 55.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.81, which suggests the price will decrease in the coming days. Percent R is at 16.00%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.

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