$FTAI.US Ranked Positive On June 4th, 2024

Smart Insider $FTAI.US Ranked Positive On June 4th, 2024

$FTAI.US Ranked Positive On June 4th, 2024

FTAI Aviation Ltd (FTAI US, +1, 04-Jun-24)

Joseph Adams (Chair & CEO since 2014) purchased 59,000 shares on May 30th at $82, increasing his holdings by 44% to 385,000 shares. This $4.8 million purchase was done on a secondary offering of 2.1 million shares from a large holder (FIG LLC/Wesley Edens) who are selling the vast majority of their holdings. 

We typically don’t rank stocks based on activity on an offering but in this case, it is not the company¬†selling shares, and more importantly, Adams has a great track record buying the shares. He last bought in November¬†2022 at $18 (where we ranked the stock +1 based partially on that purchase), and prior to that, he bought shares from¬†$10-$14 in 2015-2018.¬†This is a confident buy from the CEO, especially unusual with the stock near a multi-year high.

We are ranking the stock +1 (strongly positive).

If you want the Stock of the Week with insider buying stocks information and analysis in your email, don’t forget to subscribe! Follow us on LinkedIn and Twitter

Check our Signals Performance and if you want to know more about this Signals Service, please, email us at sales_admin@smartinsider.com or fill in the Contact Us form here.

If you are interested in our Stocks of the Week
those services may also be useful for you

Desktop
Service

Timely data delivery customised to every user, backed by analysis tools on our internal website

Signals
Data

We rank the stocks where transactions are most likely to indicate future share price performance

Shares
Buybacks

Studying buyback activity can give a clue to the fortunes of a company and help predict future share price movement

If you are a member of the media and would like to speak with a Smart Insider expert, please contact us press@smartinsider.com or call +44 203 405 3356

Scroll to Top