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 $34.29 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 Friday, FTAI Aviation Ltd [NASDAQ:FTAI] saw its stock fall -0.71% to $173.71. Over the last five days, the stock has gained 9.64%. FTAI Aviation Ltd shares have risen nearly 274.38% since the year began. Nevertheless, the stocks have risen 314.88% over the past one year. While a 52-week high of $176.01 was reached on 11/22/24, a 52-week low of $40.29 was recorded on 01/03/24. SMA at 50 days reached $144.37, while 200 days put it at $100.21.
Levels Of Support And Resistance For FTAI Stock
The 24-hour chart illustrates a support level at 171.54, which if violated will result in even more drops to 169.37. On the upside, there is a resistance level at 176.53. A further resistance level may holdings at 179.35. The Relative Strength Index (RSI) on the 14-day chart is 71.09, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.94%. Stochastics %K at 94.26% indicates the stock is a selling.
How much short interest is there in FTAI Aviation Ltd?
A steep rise in short interest was recorded in FTAI Aviation Ltd stocks on 2024-10-31, dropping by -0.5 million shares to a total of 2.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.15 million shares. There was a decline of -18.94%, 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.
