Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Air Lease Corp shares valued at $383,254 were sold by Levy Grant A on Nov 29 ’24. At $51.10 per share, Levy Grant A sold 7,500 shares. The insider’s holdings dropped to 143,315 shares worth approximately $6.74 million following the completion of this transaction.
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Also, Levy Grant A purchased 7,500 shares, netting a total of over 383,254 in proceeds.
Before that, Khatibi Alex A had sold 10,000 shares from its account. In a trade valued at $504,012, the EVP traded Air Lease Corp shares for $50.40 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $3.12 million.
As of May 07, 2024, TD Cowen has reiterated its “Buy” rating for AL. Earlier on January 10, 2024, BMO Capital Markets initiated its rating. Their recommendation was “an Outperform” for AL stock.
Analyzing AL Stock Performance
During the last five days, there has been a drop of approximately -6.01%. Over the course of the year, Air Lease Corp shares have jumped approximately 12.18%. Shares of the company reached a 52-week high of $52.31 on 11/25/24 and a 52-week low of $39.15 on 01/16/24. A 50-day SMA is recorded $47.41, while a 200-day SMA reached $47.04. Nevertheless, trading volume fell to 1.18 million shares from 0.97 million shares the previous day.
Support And Resistance Levels for Air Lease Corp (AL)
According to the 24-hour chart, there is a support level at 46.09, which, if violated, would cause prices to drop to 45.13. In the upper region, resistance lies at 48.76. The next price resistance is at 50.46. RSI (Relative Strength Index) is 37.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.30, which suggests the price will decrease in the coming days. Percent R is at 95.55%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
