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 $2.94 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 $6.6 million.
A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Buy”‘ rating for it. BMO Capital Markets began covering AL with “an Outperform” recommendation on January 10, 2024. Barclays started covering the stock on November 15, 2023. It rated AL as “an Overweight”.
Price Performance Review of AL
On Tuesday, Air Lease Corp [NYSE:AL] saw its stock fall -1.37% to $43.79. Over the last five days, the stock has gained 1.96%. Air Lease Corp shares have risen nearly 4.41% since the year began. Nevertheless, the stocks have risen 22.52% 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 $44.14, while 200 days put it at $45.54.
Levels Of Support And Resistance For AL Stock
The 24-hour chart illustrates a support level at 43.47, which if violated will result in even more drops to 43.15. On the upside, there is a resistance level at 44.35. A further resistance level may holdings at 44.91. The Relative Strength Index (RSI) on the 14-day chart is 48.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.73%. Stochastics %K at 40.70% indicates the stock is a holding.
How much short interest is there in Air Lease Corp?
A steep rise in short interest was recorded in Air Lease Corp stocks on 2024-09-30, dropping by -0.24 million shares to a total of 2.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.12 million shares. There was a decline of -8.42%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 15, 2023 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $41 price target.
