Fly Leasing Limited (FLY) Shares are Up 2.1%

Fly Leasing Limited (FLY) : Traders are bullish on Fly Leasing Limited (FLY) as it has outperformed the S&P 500 by a wide margin of 8.85% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.13%, 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 2.1% in the last 1 week, and is up 9.26% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

FLY Leasing Limited is up 5.38% in the last 3-month period. Year-to-Date the stock performance stands at -10.99%. The stock has recorded a 20-day Moving Average of 3.08% and the 50-Day Moving Average is 9.6%.


Fly Leasing Limited (NYSE:FLY): The stock opened at $12.04 on Friday but the bulls could not build on the opening and the stock topped out at $12.19 for the day. The stock traded down to $11.97 during the day, due to lack of any buying support eventually closed down at $12.15 with a loss of -0.16% for the day. The stock had closed at $12.17 on the previous day. The total traded volume was 212,089 shares.

Also, Brokerage firm Citigroup maintains its rating on Fly Leasing Limited (NYSE:FLY). As per the latest information, the brokerage house lowers the price target to $15 per share from a prior target of $17. The shares have been rated Buy. The rating by the firm was issued on August 19, 2016.

Fly Leasing Limited (Fly) is engaged in purchasing commercial aircraft which it leases under multi-year contracts to a range of airlines throughout the world. As of December 31, 2014, the Companys aircraft portfolio consisted of 127 commercial jet aircraft, consisting of 116 narrow-body passenger aircraft, including two freighters, and 11 wide-body passenger aircraft. Fly primarily acquires aircraft by entering into purchase and leaseback transactions with airlines for new aircraft, purchasing portfolios consisting of aircraft of various types and ages, and acquiring individual aircraft. As of December 31, 2014, the Company had 72 Boeing aircraft and 55 Airbus aircraft in its fleet. As of December 31, 2014, the Companys aircraft portfolio ranged across 64 airlines in 36 countries. Fly Leasing Management Co. Limited (Manager) manages the Companys operations.

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