Atlas Air Worldwide Crumbles: AAWW Falls 6.9%

Zacks


Atlas Air Worldwide Holdings Inc. (AAWW) saw a big move in the last trading session, as the company’s shares fell by nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for AAWW as the stock is now down nearly 27% in the past one-month time frame.

The company, a global provider of outsourced aircraft and aviation operating solutions, has not seen any estimate revisions over the past month, and the earnings consensus hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.

AAWW currently holds a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

Investors interested in the Transportation sector may consider better-ranked stocks like American Airlines Group Inc. (AAL), Southwest Airlines Co. (LUV) and DHT Holdings, Inc. (DHT), all of which carry a Zacks Rank #1 (Strong Buy).

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ATLAS AIR WORLDWIDE HOLDINGS NEW (AAWW): Free Stock Analysis Report

AMERICAN AIRLINES GROUP INC (AAL): Free Stock Analysis Report

SOUTHWEST AIRLINES CO (LUV): Free Stock Analysis Report

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