Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Air Lease Corp shares valued at $564,192 were sold by Willis Gregory B on May 15 ’24. At $50.06 per share, Willis Gregory B sold 11,270 shares. The insider’s holdings dropped to 67,099 shares worth approximately $3.05 million following the completion of this transaction.
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Also, Khatibi Alex A sold 11,199 shares, netting a total of over 530,447 in proceeds. Following the sale of shares at $47.37 each, the insider now holds 76,300 shares.
Before that, Levy Grant A had sold 7,500 shares from its account. In a trade valued at $351,165, the EVP traded Air Lease Corp shares for $46.82 each. Upon closing the transaction, the insider’s holdings decreased to 7,500 shares, worth approximately $6.85 million.
Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in early May. As of January 10, 2024, BMO Capital Markets has initiated its “an Outperform” rating for AL. Earlier on November 15, 2023, Barclays initiated its rating. Their recommendation was “an Overweight” for AL stock.
Analyzing AL Stock Performance
During the last five days, there has been a surge of approximately 6.39%. Over the course of the year, Air Lease Corp shares have jumped approximately 8.37%. Shares of the company reached a 52-week high of $52.31 on 04/26/24 and a 52-week low of $39.15 on 01/16/24. A 50-day SMA is recorded $46.51, while a 200-day SMA reached $44.36. Nevertheless, trading volume fell to 0.76 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Air Lease Corp (AL)
According to the 24-hour chart, there is a support level at 44.73, which, if violated, would cause prices to drop to 44.00. In the upper region, resistance lies at 45.89. The next price resistance is at 46.32. RSI (Relative Strength Index) is 49.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.13, which suggests the price will decrease in the coming days. Percent R is at 45.52%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
