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Downgrade Alert for Atlas Air Worldwide Holdings (AAWW)

By Amy Schwartz

Atlas Air Worldwide Holdings (NASDAQ:AAWW) was downgraded from Peer Perform to Underperform at Wolfe Research today. The stock closed yesterday at $52.99 on volume of 830,000 shares, above average daily volume of 585,000.

In the past 52 weeks, shares of Atlas Air Worldwide Holdings have traded between a low of $31.09 and a high of $59.47 and closed yesterday at $52.99, which is 70% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.8%.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) has potential upside of 12.5% based on a current price of $52.99 and analysts' consensus price target of $59.60. The stock should hit resistance at its 50-day moving average (MA) of $55.38, as well as support at its 200-day MA of $46.35.

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 tracking the current trend status for Atlas Air Worldwide Holdings and will alert subscribers who have AAWW in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades atlas air worldwide holdings

Ticker(s): AAWW