Air Lease Corporation (AL) : During the past 4 weeks, traders have been relatively bearish on Air Lease Corporation (AL), hence the stock is down -6.66% 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 -3.36% relative to the S&P 500. The 4-week change in the price of the stock is -5.7% and the stock has fallen -3.31% in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.09% and the 50-Day Moving Average is 1.94%. Air Lease Corporation (NYSE:AL): On Fridays trading session , Opening price of the stock was $27.6 with an intraday high of $27.8. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $27.42. However, the stock managed to close at $27.47, a loss of 0.69% for the day. On the previous day, the stock had closed at $27.66. The total traded volume of the day was 952,803 shares.
The company Insiders own 9.45% of Air Lease Corporation shares according to the proxy statements. Institutional Investors own 94.08% of Air Lease Corporation shares.
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.