Air Lease Corp’s recently made public that its Affiliate Alex Khatibi acquired Company’s shares for reported $0.8 million on Nov 26 ’24. In the deal valued at $51.22 per share,15,533 shares were bought.
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Then, Korde Kishore sold 14,661 shares, generating $740,155 in total proceeds. Upon selling the shares at $50.48, the EVP now owns 97,714 shares.
Before that, Korde Kishore bought 14,661 shares. Air Lease Corp shares valued at $730,118 were divested by the Officer at a price of $49.80 per share.
TD Cowen also remained covering AL and reiterated its “Buy” recommendation on May 07, 2024. BMO Capital Markets started covering the stock on January 10, 2024. It rated AL as “an Outperform”.
Price Performance Review of AL
On Tuesday, Air Lease Corp [NYSE:AL] saw its stock fall -1.80% to $51.22. Over the last five days, the stock has gained 6.20%. Air Lease Corp shares have risen nearly 22.13% since the year began. Nevertheless, the stocks have risen 34.19% over the past one year. While a 52-week high of $52.31 was reached on 11/25/24, a 52-week low of $37.65 was recorded on 01/16/24. SMA at 50 days reached $45.78, while 200 days put it at $46.35.
Levels Of Support And Resistance For AL Stock
The 24-hour chart illustrates a support level at 50.84, which if violated will result in even more drops to 50.47. On the upside, there is a resistance level at 51.70. A further resistance level may holdings at 52.19. The Relative Strength Index (RSI) on the 14-day chart is 69.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.97%. Stochastics %K at 93.89% indicates the stock is a selling.
How much short interest is there in Air Lease Corp?
A steep rise in short interest was recorded in Air Lease Corp stocks on 2024-11-15, growing by 30334.0 shares to a total of 2.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.95 million shares. There was a rise of 1.02%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 15, 2023 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $46 price target.
