AerSale Corporation Common Stock (ASLE)
AerSale Corporation (ASLE) is a provider of aircraft parts, equipment, and services to the commercial aerospace industry. The company specializes in the refurbishment, repair, and resale of aircraft components, including cabin electronic equipment, landing gear, and avionics, serving airlines, leasing companies, and maintenance organizations globally.
Company News
The aircraft recycling market is predicted to grow at 8.1% CAGR, reaching USD 13.8 billion by 2034, driven by the adoption of robotic dismantling systems, advanced material sorting, and AI-powered recovery systems to enhance efficiency and sustainability.
AerSale, a company that provides aftermarket services and products to the airline industry, has seen its stock rise 26% year-to-date while major airline stocks have struggled. This is due to AerSale's diverse client base and the high demand for its services in the current challenging environment for airlines.
AerSale, a buyer and seller of used aircraft and parts, missed revenue and earnings estimates in its latest quarter. The company's core business is expected to rebound, but the launch of its new AerAware technology has been delayed, causing uncertainty for investors.
FTAI Aviation (FTAI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Although U.S. stocks closed higher on Monday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Cardlytics The Trade: Cardlytics, Inc. (NASDAQ: CDLX) 10% owner Clifford Sosin acquired a total of 661,715 shares an average price of $13.55. To acquire these shares, it cost around $8.96 million. What’s ...