Atlas Air Worldwide Holdings Inc (AAWW) Files Form 4 Insider Selling : Duncan J. Mcnabb Sells 1,111 Shares

Atlas Air Worldwide Holdings Inc (AAWW): Duncan J. Mcnabb , director of Atlas Air Worldwide Holdings Inc sold 1,111 shares on May 26, 2016. The Insider selling transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were sold at $44.60 per share for a total value of $49,555.04 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 24, 2016, Spencer Schwartz (EVP & CFO) sold 4,709 shares at $43.39 per share price.On May 13, 2016, William J Flynn (President & CEO) sold 5,000 shares at $47.62 per share price.Also, On Aug 21, 2015, Carol B Hallett (director) sold 2,000 shares at $42.16 per share price.On Jun 8, 2015, John W Dietrich (EVP & COO) sold 5,536 shares at $54.76 per share price.

Atlas Air Worldwide Holdings: On Wednesday, May 25, 2016 heightened volatility was witnessed in Atlas Air Worldwide Holdings which led to swings in the share price. The shares opened for trading at $44.02 and hit $45.11 on the upside , eventually ending the session at $44.96, with a gain of 1.31% or 0.58 points. The heightened volatility saw the trading volume jump to 2,75,213 shares. The 52-week high of the share price is $58.81 and the company has a market cap of $1,116 M . The 52-week low of the share price is at $31.99.

Atlas Air Worldwide Holdings Money Flow Index Chart

Company has been under the radar of several Street Analysts.Atlas Air Worldwide Holdings is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 49 from a previous price target of $41 .The Rating was issued on May 6, 2016.Atlas Air Worldwide Holdings is Reiterated by Cowen to Market Perform and the brokerage firm has raised the Price Target to $ 55 from a previous price target of $50 .The Rating was issued on May 6, 2016.

Atlas Air Worldwide Holdings Inc. (AAWW) is a holding company with a principal wholly owned operating subsidiary Atlas Air Inc. (Atlas). The Company is a global provider of outsourced aircraft and aviation operating services operating a fleet of around 747 freighters as well as operating 747 and 767 passenger aircraft and 767 freighters. It operates through three segments: ACMI Charter and Dry Leasing. The ACMI segment provides aircraft crew maintenance and insurance services to customers. Also included in the ACMI segment is CMI which provides crew maintenance and insurance services. The Charter segment provides full planeload air cargo and passenger aircraft charters to customers including the air mobility command (AMC) brokers freight forwarders direct shippers airlines sports teams and fans and private charter customers. The Dry Leasing segment provides the leasing of aircraft and engines to customers and operates through Titan a cargo aircraft dry lessor.

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