Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Air Transport Services Group Inc shares valued at $49,830 were purchased by Berger Michael L on Jun 07 ’24. At $12.47 per share, Berger Michael L acquired 3,996 shares. The insider’s holdings grew to 103,705 shares worth approximately $2.28 million following the completion of this transaction.
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Also, HETE JOSEPH C purchased 5,000 shares, netting a total of over 64,058 in proceeds. Following the buying of shares at $12.81 each, the insider now holds 594,302 shares.
As published in a research note from Susquehanna on November 08, 2023, Air Transport Services Group Inc [ATSG] has been rated down from a Positive to a Neutral and the price target has been revised to $15 from $26. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid September. As of October 21, 2022, Truist has initiated its “Hold” rating for ATSG.
Analyzing ATSG Stock Performance
During the last five days, there has been a surge of approximately 0.05%. Over the course of the year, Air Transport Services Group Inc shares have jumped approximately 24.93%. Shares of the company reached a 52-week high of $22.27 on 11/06/24 and a 52-week low of $11.62 on 03/19/24. A 50-day SMA is recorded $18.81, while a 200-day SMA reached $15.20. Nevertheless, trading volume fell to 0.57 million shares from 0.79 million shares the previous day.
Support And Resistance Levels for Air Transport Services Group Inc (ATSG)
According to the 24-hour chart, there is a support level at 21.95, which, if violated, would cause prices to drop to 21.91. In the upper region, resistance lies at 22.08. The next price resistance is at 22.16. RSI (Relative Strength Index) is 76.49 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 70.37%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
