Somewhat Positive Press Coverage Very Likely to Affect Air T (NASDAQ:AIRT) Stock Price
News articles about Air T (NASDAQ:AIRT) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Air T earned a news impact score of 0.00 on Accern’s scale. Accern also gave news stories about the transportation company an impact score of 86 out of 100, meaning that recent press coverage is very likely to have an effect on the stock’s share price in the next several days.
Air T (NASDAQ AIRT) opened at 21.20 on Friday. The stock’s 50 day moving average is $19.50 and its 200-day moving average is $20.71. The firm’s market cap is $43.29 million. Air T has a one year low of $17.24 and a one year high of $24.24.
In related news, CEO Nicholas John Swenson purchased 1,719 shares of the firm’s stock in a transaction dated Thursday, April 6th. The shares were purchased at an average price of $20.09 per share, with a total value of $34,534.71. Following the acquisition, the chief executive officer now directly owns 40,307 shares of the company’s stock, valued at $809,767.63. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders bought a total of 5,186 shares of company stock worth $103,335 in the last three months. Insiders own 36.10% of the company’s stock.
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Air T Company Profile
Air T, Inc is a holding company. The Company operates through five segments: overnight air cargo, ground equipment sales, ground support services, printing equipment and maintenance, and leasing. The company’s overnight air cargo segment operates in the air express delivery services industry. The ground equipment sales segment manufactures and provides mobile deicers and other specialized equipment products to passenger and cargo airlines, airports, the United States military and industrial customers.
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