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Keeping an Eye on Air Transport Services Group Inc (ATSG) After Insider Trading Activity

Air Transport Services Group Inc’s recent filing unveils that its Chief Executive Officer Berger Michael L acquired Company’s shares for reported $49830.0 on Jun 07 ’24. In the deal valued at $12.47 per share,3,996 shares were bought. As a result of this transaction, Berger Michael L now holds 103,705 shares worth roughly $2.29 million.

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Then, HETE JOSEPH C bought 5,000 shares, generating $64,058 in total proceeds. Upon buying the shares at $12.81, the Executive Chairman now owns 594,302 shares.

Susquehanna downgraded its Air Transport Services Group Inc [ATSG] rating to a Neutral from a a Positive in a research note published on November 08, 2023; the price target was decreased to $15 from $26. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid September with a ‘”an Outperform”‘ rating. Truist began covering ATSG with “Hold” recommendation on October 21, 2022.

Price Performance Review of ATSG

On Monday, Air Transport Services Group Inc [NASDAQ:ATSG] saw its stock jump 0.36% to $22.04. Over the last five days, the stock has gained 0.36%. Air Transport Services Group Inc shares have risen nearly 25.16% since the year began. Nevertheless, the stocks have risen 38.53% over the past one year. While a 52-week high of $22.27 was reached on 11/06/24, a 52-week low of $11.62 was recorded on 03/19/24. SMA at 50 days reached $18.41, while 200 days put it at $15.08.

Levels Of Support And Resistance For ATSG Stock

The 24-hour chart illustrates a support level at 21.98, which if violated will result in even more drops to 21.91. On the upside, there is a resistance level at 22.08. A further resistance level may holdings at 22.11. The Relative Strength Index (RSI) on the 14-day chart is 82.50, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.45%. Stochastics %K at 34.85% indicates the stock is a holding.

How much short interest is there in Air Transport Services Group Inc?

A steep rise in short interest was recorded in Air Transport Services Group Inc stocks on 2024-11-15, dropping by -0.24 million shares to a total of 2.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.86 million shares. There was a decline of -9.16%, which implies that there is a negative sentiment for the stock.

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