AAWW Stock Summary and Trading Ideas (Atlas Air Worldwide Hldgs | NASDAQ:AAWW)

Atlas Air Worldwide Holdings Inc is a provider of outsourced aircraft and aviation operating services and the outsourced airfreight provider in the world. Company operates a fleet of 747 freighters and provides customers with a broad array of 747, 777, 767 and 737 aircraft for domestic, regional and international cargo and passenger operations. The company has operations in Africa, Asia, Australia, Europe, the Middle East, North America and South America. The company's business is organized into two operating segments based on service offerings: 1) Airline Operations include providing cargo aircraft outsourcing services to customers on an ACMI, CMI and Charter basis. 2) Dry Leasing business provides aircraft and engines to customers, including CMI customers, for a fixed monthly amount.

Atlas Air Worldwide Hldgs trades on the NASDAQ stock market under the symbol AAWW.

As of March 31, 2023, AAWW stock price was flat at $102.48 with million shares trading.

AAWW has a beta of 0.54, meaning it tends to be less sensitive to market movements. AAWW has a correlation of 0.08 to the broad based SPY ETF.

AAWW has a market cap of $2.93 billion. This is considered a Mid Cap stock.

Last quarter Atlas Air Worldwide Hldgs reported $1 billion in Revenue and $5.17 earnings per share. This fell short of revenue expectation by $-63 million and missed earnings estimates by -$.03.

In the last 3 years, AAWW stock traded as high as $102.50 and as low as $20.00.

The top ETF exchange traded funds that AAWW belongs to (by Net Assets): VTI, VB, VBR, VXF, VIOO.

AAWW has outperformed the market in the last year with a return of +16.0%, while the SPY ETF lost -9.8%. However, in the most recent history, AAWW shares have underperformed the stock market with its stock returning +1.7% in the last 3 month period and 0.0% for the last 2 week period, while SPY has returned +6.9% and +3.6%, respectively.

AAWW support price is $101.65 and resistance is $103.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AAWW stock will trade within this expected range on the day.