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 3.3% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.76%, 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 3.28% in the last 1 week, and is up 3.17% 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 3.5% and the 50-Day Moving Average is 4.48%.The 200 Day SMA reached 0.55%. Air Lease Corporation has dropped 1.45% during the last 3-month period . Year-to-Date the stock performance stands at -12.17%.
Air Lease Corporation (NYSE:AL): The stock was completely flat for the day, closing at $29.31 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $29.41, the stock touched an intraday high of $29.67 and a low of $29.21. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $29.31. The total trading volume on Friday was 1,083,727.
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.