Air Lease Corporation (NYSE:AL) : During the past 4 weeks, traders have been relatively bearish on Air Lease Corporation (NYSE:AL), hence the stock is down -4.71% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.41% relative to the S&P 500. The 4-week change in the price of the stock is -3.17% and the stock has fallen -0.15% in the past 1 week.
The company shares have dropped -20.59% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $37.14 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $28.03 and the 200 Day Moving Average price is recorded at $29.23.
The stock has recorded a 20-day Moving Average of 0.81% and the 50-Day Moving Average is 5.63%.
Air Lease Corporation (NYSE:AL): stock turned positive on Friday. Though the stock opened at $26.41, the bulls momentum made the stock top out at $27.26 level for the day. The stock recorded a low of $26.27 and closed the trading day at $27.19, in the green by 4.70%. The total traded volume for the day was 894,719. The stock had closed at $25.97 in the previous days trading.
In an insider trading activity, The officer (EVP), of Air Lease Corp, Baer Marc H had unloaded 1,500 shares at $32.62 per share in a transaction on January 4, 2016. The total value of transaction was $48,930. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Air Lease Corporation is an aircraft leasing company. The Company is engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus S.A.S. (Airbus), and leasing those aircrafts to airlines around the world. In addition to its leasing activities, it sells aircrafts from its operating lease portfolio to third-parties, including other leasing companies, financial services companies and airlines. It also provides fleet management services to investors and owners of aircraft portfolios. It provides aircrafts to airline customers in geographical regions, including markets, such as Asia, the Pacific Rim, Latin America, the Middle East and Eastern Europe. The Company sells aircrafts that are operated by an airline with multiple years of lease term remaining on the contract.