Air Lease Corp’s recent filing unveils that its EVP Levy Grant A unloaded Company’s shares for reported $0.38 million on Nov 29 ’24. In the deal valued at $51.10 per share,7,500 shares were sold. As a result of this transaction, Levy Grant A now holds 143,315 shares worth roughly $6.81 million.
Then, Levy Grant A bought 7,500 shares, generating $383,254 in total proceeds.
Before that, Khatibi Alex A sold 10,000 shares. Air Lease Corp shares valued at $504,012 were divested by the EVP at a price of $50.40 per share. As a result of the transaction, Khatibi Alex A now holds 66,300 shares, worth roughly $3.15 million.
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 jump 0.17% to $47.55. Over the last five days, the stock has lost -5.93%. Air Lease Corp shares have fallen nearly -1.37% since the year began. Nevertheless, the stocks have risen 19.38% over the past one year. While a 52-week high of $52.31 was reached on 02/19/25, a 52-week low of $39.40 was recorded on 02/03/25. SMA at 50 days reached $47.47, while 200 days put it at $46.69.
Levels Of Support And Resistance For AL Stock
The 24-hour chart illustrates a support level at 47.05, which if violated will result in even more drops to 46.56. On the upside, there is a resistance level at 48.05. A further resistance level may holdings at 48.56. The Relative Strength Index (RSI) on the 14-day chart is 50.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.97%. Stochastics %K at 41.23% indicates the stock is a holding.
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.
