FTAI Aviation Pick of the Week at Smart Insider Following COO, CEO Stock Purchases

MT Newswires Live11-18

FTAI Aviation (FTAI) was Smart Insider's stock pick of the week after the company's Chief Operating Officer David Moreno acquired $1 million worth of company shares for $153.76 apiece on Nov. 13.

This was Moreno's second reported stock buy as his first buy was in May at $95 per share for a total of $624,000, Smart Insider said in a Tuesday note.

Chair and Chief Executive Joseph Adams Jr. also bought $312,000 worth of company shares at $155.91 apiece on the same date, according to the note.

The CEO has a "great record" purchasing the shares as he has a 28% average six month return based on his previous six buys, the note said.

Smart Insider said that it is "interesting" to see Moreno and Adams buying shares again at "much higher" prices than before.

Smart Insider renewed the stock +1, or strong positive signal, on Nov. 14.

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