What Will Happen to Fly Leasing Limited (FLY) Next? The Stock Just Increased A Lot

Fly Leasing Limited (NYSE:FLY) Logo

The stock of Fly Leasing Limited (NYSE:FLY) is a huge mover today! The stock increased 3.08% or $0.48 during the last trading session, reaching $16.06. About 362,347 shares traded or 201.27% up from the average. Fly Leasing Limited (NYSE:FLY) has declined 14.35% since May 17, 2018 and is downtrending. It has underperformed by 18.72% the S&P500.
The move comes after 9 months positive chart setup for the $521.19M company. It was reported on May, 17 by Barchart.com. We have $16.54 PT which if reached, will make NYSE:FLY worth $15.64M more.

More notable recent Fly Leasing Limited (NYSE:FLY) news were published by: Seekingalpha.com which released: “HEICO: Growth Continues To Fly – Seeking Alpha” on April 28, 2019, also Gurufocus.com with their article: “Consider These 2 High-Performing Stocks – GuruFocus.com” published on May 06, 2019, Seekingalpha.com published: “Israel Chemicals: The Cream Of The Crop In Q1 – Seeking Alpha” on May 17, 2019. More interesting news about Fly Leasing Limited (NYSE:FLY) were released by: Investorplace.com and their article: “If Aurora Stock Falls on Earnings, Buy the Dip – Investorplace.com” published on May 14, 2019 as well as Fool.com‘s news article titled: “Free Wi-Fi May Be Coming to Your Delta Flight – The Motley Fool” with publication date: May 14, 2019.

Fly Leasing Limited, together with its subsidiaries, purchases and leases commercial aircraft under multi-year contracts to various airlines worldwide. The company has market cap of $521.19 million. As of December 31, 2016, the firm had a fleet of 76 aircraft, including 65 narrow-body passenger aircraft and 11 wide-body passenger aircraft. It has a 4.1 P/E ratio.

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