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Downgrade Alert for Atlas Air Worldwide Holdings (AAWW)

By James Quinn

Atlas Air Worldwide Holdings (NASDAQ:AAWW) was downgraded from Peer Perform to Underperform at Wolfe Research today. The stock closed yesterday at $39.34 on volume of 910,000 shares, above average daily volume of 258,000.

In the past 52 weeks, Atlas Air Worldwide Holdings share prices have been bracketed by a low of $35.25 and a high of $50.98 and closed yesterday at $39.34, 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Atlas Air Worldwide Holdings has overhead space with shares priced $39.34, or 24.3% below the average consensus analyst price target of $52.00. The stock should find resistance at its 200-day moving average (MA) of $42.97, as well as support at its 50-day MA of $39.00.

Atlas Air Worldwide Holdings, Inc. is the parent company of Atlas Air, Inc., and Polar Air Cargo, Inc. Atlas provides aircraft, crew, maintenance, and insurance freighter aircraft to major airlines around the world. Polar operates a global, scheduled-service network and serves substantially all major trade lanes of the world. The Company also provides commercial and military charter services.

SmarTrend is monitoring the recent change of momentum in Atlas Air Worldwide Holdings. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Atlas Air Worldwide Holdings in search of a potential trend change.

Keywords: analyst upgrades/downgrades atlas air worldwide holdings

Ticker(s): AAWW