Shares of Air Lease Corporation (AL) Sees Large Outflow of Money

Air Lease Corporation (AL) : Mondays money flow analysis of Air Lease Corporation (AL) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $16.58 million. In comparison, the inflow of money on upticks was a meager $6.03 million. The dollar value of composite uptick trades minus the downtick trades was negative $10.55 million. The uptick to downtick ratio of 0.36 in the money flow shows weakness. The uptick block trades were valued at $2.55 million. The downtick transaction value was high at $12.08 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.21. Hence, the net money flow in the stock was negative ($9.52 million). Air Lease Corporation (AL) gained $0.33 at $27.8, a change of 1.2% over the previous days close.


Air Lease Corporation has lost 1.87% in the last five trading days and dropped 4.57% in the last 4 weeks. Air Lease Corporation has dropped 4.41% during the last 3-month period . Year-to-Date the stock performance stands at -16.69%.

Air Lease Corporation (NYSE:AL): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.65 and $27.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.80, notching a gain of 1.20% for the day. The total traded volume was 1,261,727 . The stock had closed at $27.47 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Baer Marc H, officer (EVP) of Air Lease Corp, had unloaded 1,500 shares at an average price of $32.62 in a transaction dated on January 4, 2016. The total value of the transaction was worth $48,930.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.