We recently compiled a list of the These 10 Companies Led Gains on Wednesday. In this article, we are going to take a look at where FTAI Aviation Ltd. (NASDAQ:FTAI) stands against the other stocks.
Wall Street’s main indices ended firmer on Wednesday as share prices remained boosted by positive catalysts from President Donald Trump’s inauguration coupled with better-than-expected earnings performance.
The Dow rose by 0.30 percent, the S&P 500 grew 0.61 percent, while the Nasdaq Composite increased 1.28 percent.
Meanwhile, 10 companies under mixed sectors mirrored Wall Street’s gains. In this article, we will look at which companies led the rally and explore the reasons behind their impressive performance.
To come up with Wednesday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
A team of airline employees surrounded by flight deck controls, with a variety of aircraft outside.
FTAI Aviation Ltd. (NASDAQ:FTAI)
Shares of FTAI Aviation Ltd. surged by 9.79 percent on Wednesday, ending the day at $91.99 apiece after earning a rating upgrade from a financial services company.
On Wednesday, investment firm BTIG maintained its buy rating for the company and a $190 price target following a strong revenue performance over the last 12 months.
Earlier this week, FTAI Aviation was hit by an investigation notice from a shareholder law firm after a research report from Muddy Waters said that the company has been recording one-time engine sales as Maintenance Repair & Overhaul (MRO) revenue in its Aerospace Products segment.
Muddy Waters earlier said that this enabled the company to present a misleading narrative on its financial performance, benefitting insider sellers.
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This article is originally published at Insider Monkey.