Air Lease Corporation (AL) Shares are Up 0.69%

Air Lease Corporation (AL) : Traders are bullish on Air Lease Corporation (AL) as it has outperformed the S&P 500 by a margin of 4.58% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.07%, 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 0.69% in the last 1 week, and is up 11.65% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Air Lease Corporation (NYSE:AL): The stock opened at $29.63 on Friday but the bulls could not build on the opening and the stock topped out at $29.77 for the day. The stock traded down to $29.17 during the day, due to lack of any buying support eventually closed down at $29.33 with a loss of -0.91% for the day. The stock had closed at $29.60 on the previous day. The total traded volume was 1,191,776 shares.


The stock has recorded a 20-day Moving Average of 6.55% and the 50-Day Moving Average is 3.31%. Air Lease Corporation has dropped 8.22% during the last 3-month period . Year-to-Date the stock performance stands at -12.11%.

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.

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