Notable Price Action: What’s Air Methods Corp Upside After Today’s Huge Increase?

Notable Price Action: What's Air Methods Corp Upside After Today's Huge Increase?

The stock of Air Methods Corp (NASDAQ:AIRM) is a huge mover today! About 1.61 million shares traded hands or 177.54% up from the average. Air Methods Corp (NASDAQ:AIRM) has declined 31.61% since April 4, 2016 and is downtrending. It has underperformed by 32.70% the S&P500.
The move comes after 6 months positive chart setup for the $1.04B company. It was reported on Nov, 4 by Barchart.com. We have $47.85 PT which if reached, will make NASDAQ:AIRM worth $676.00 million more.

Air Methods Corp (NASDAQ:AIRM) Ratings Coverage

Out of 2 analysts covering Air Methods (NASDAQ:AIRM), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Air Methods has been the topic of 2 analyst reports since November 6, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Oppenheimer on Friday, August 5.

According to Zacks Investment Research, “Air Methods Corporation provides air medical emergency transport services and systems throughout North America. The Air Medical Service Division offers their clients helicopters and airplanes equipped with medical interiors for flights from the scene of an accident or general hospital to a trauma center. The Products Division designs, manufactures, and installs aircraft medical interiors and other aerospace products.”

Insitutional Activity: The institutional sentiment is 1.02 in Q2 2016. Its the same as in 2016Q1. The ratio is flat, as 25 funds sold all Air Methods Corp shares owned while 67 reduced positions. only 32 funds bought stakes while 62 increased positions. They now own 42.93 million shares or 1.69% less from 43.66 million shares in 2016Q1.
The Missouri-based Scout Invs Inc has invested 0.11% in Air Methods Corp (NASDAQ:AIRM). Capstone Invest Advsr Ltd Co accumulated 0% or 5,795 shares. The Massachusetts-based Cubic Asset Management Limited Liability has invested 0.47% in Air Methods Corp (NASDAQ:AIRM). Ngam Advisors Lp holds 12,896 shares or 0.01% of its portfolio. Moreover, Fmr Limited Liability Co has 0.03% invested in Air Methods Corp (NASDAQ:AIRM) for 5.40 million shares. Dimensional Fund Advsrs L P accumulated 1.79M shares or 0.04% of the stock. Ajo Ltd Partnership has invested 0.03% of its portfolio in Air Methods Corp (NASDAQ:AIRM). Amer Century Companies Inc holds 0% of its portfolio in Air Methods Corp (NASDAQ:AIRM) for 41,096 shares. Fincl Bank Of New York Mellon Corporation reported 1.19M shares or 0.01% of all its holdings. State Street accumulated 900,376 shares or 0% of the stock. Parallax Volatility Advisers Lp holds 0% or 44,627 shares in its portfolio. Ls Advisors Limited Liability Company holds 0% of its portfolio in Air Methods Corp (NASDAQ:AIRM) for 1,469 shares. Wasatch Incorporated, a Utah-based fund reported 167,687 shares. Deutsche Bank & Trust Ag has 0.01% invested in the company for 404,068 shares. The New York-based Citigroup has invested 0% in Air Methods Corp (NASDAQ:AIRM).

Insider Transactions: Since August 10, 2016, the stock had 1 buying transaction, and 1 insider sale for $38,141 net activity. KECK SHARON J also sold $42,159 worth of Air Methods Corp (NASDAQ:AIRM) on Wednesday, August 10. 2,500 shares were bought by WHITTERS JOSEPH E, worth $80,300 on Thursday, August 11.

More notable recent Air Methods Corp (NASDAQ:AIRM) news were published by: Fool.com which released: “Air Methods Corp. Q3 Results Hurt by Lower Same-Base Transports” on November 03, 2016, also Seekingalpha.com with their article: “Air Methods (AIRM) Q3 2016 Results – Earnings Call Transcript” published on November 04, 2016, Fool.com published: “Why Air Methods Corp. Shares Sank 12% Today” on September 08, 2016. More interesting news about Air Methods Corp (NASDAQ:AIRM) were released by: Forbes.com and their article: “FAA Proposes $892.5K Fine Against Air Methods For Dozens Of Air Ambulance Flights” published on September 14, 2016 as well as Fool.com‘s news article titled: “Air Methods Corp Stock Down 11% Today: Here’s Why” with publication date: July 26, 2016.

AIRM Company Profile

Air Methods Corporation, incorporated on April 10, 1987, is engaged in providing air medical emergency transport services and systems throughout the United States. The Company’s divisions include Air Medical Services (AMS), Tourism and United Rotorcraft (UR) Division. The Company’s Air Medical Services Division provides air medical transportation services in approximately 40 states to the general population as an independent service (also called community services) and to hospitals or other institutions under exclusive operating agreements (also called hospital services). It transports persons requiring intensive medical care from either the scene of an accident or general care hospitals to skilled trauma centers or tertiary care centers.

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