Air Lease Corporation (AL) : Traders are bullish on Air Lease Corporation (AL) as it has outperformed the S&P 500 by a wide margin of 3.79% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.56%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.14% in the last 1 week, and is up 8.33% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 7.69% and the 50-Day Moving Average is 2.06%.
Air Lease Corporation (NYSE:AL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.17 and $28.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.13, notching a gain of 0.31% for the day. The total traded volume was 1,205,327 . The stock had closed at $29.04 on the previous day.
The company Insiders own 9.45% of Air Lease Corporation shares according to the proxy statements. Institutional Investors own 91.49% of Air Lease Corporation shares. In a related news,The officer (EVP) of Air Lease Corp, Baer Marc H sold 1,500 shares at $32.62 on January 4, 2016. The Insider selling transaction had a total value worth of $48,930. The Insider information was disclosed with 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.