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 $22.48 million.
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A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in late July from “a Hold” to “a Buy”. Wolfe Research also remained covering FTAI and has decreased its forecast on July 10, 2024 with a “Peer perform” recommendation from previously “an Outperform” rating. Jefferies started covering the stock on June 25, 2024. It rated FTAI as “a Buy”.
Price Performance Review of FTAI
On Tuesday, FTAI Aviation Ltd [NASDAQ:FTAI] saw its stock jump 0.76% to $113.89. Over the last five days, the stock has lost -3.43%. FTAI Aviation Ltd shares have risen nearly 145.45% since the year began. Nevertheless, the stocks have risen 213.06% over the past one year. While a 52-week high of $128.45 was reached on 08/30/24, a 52-week low of $32.66 was recorded on 01/03/24. SMA at 50 days reached $109.43, while 200 days put it at $74.83.
Levels Of Support And Resistance For FTAI Stock
The 24-hour chart illustrates a support level at 111.97, which if violated will result in even more drops to 110.05. On the upside, there is a resistance level at 115.15. A further resistance level may holdings at 116.41. The Relative Strength Index (RSI) on the 14-day chart is 49.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.95%. Stochastics %K at 8.03% indicates the stock is a buying.
How much short interest is there in FTAI Aviation Ltd?
A steep rise in short interest was recorded in FTAI Aviation Ltd stocks on 2024-08-15, dropping by -0.33 million shares to a total of 3.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 3.58 million shares. There was a decline of -10.06%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 03, 2024 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $85 price target.
