AAWW Stock Recent News

Atlas Air (AAWW) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Here is how Atlas Air Worldwide (AAWW) and Air Transport Services (ATSG) have performed compared to their sector so far this year.

Freighter airline Atlas Air Worldwide announced Thursday it is being acquired by investment funds led by Apollo Global Management in an all-cash deal that values the company at $5.2 billion and takes the company private. The buyout signifies a strong endorsement of future growth prospects for the air cargo industry.

Airfreight company Atlas Air will be bought by a consortium of investors led by Apollo Global Management in an all-cash deal that values the company at $3.2 billion.

Atlas Air Worldwide Holdings AAWW, +10.77% announced Thursday an agreement to be acquired by an investor group led by Apollo Global Management Inc. APO, +1.45% in a cash deal with an enterprise valuation of about $5.2 billion. The provider of outsourced aircraft's stock was halted for news until 8:30 a.m.

Atlas Air Worldwide could be bought for $102.50 per share. AAWW's share price has appreciated accordingly, leaving a spread of just 6%.

The charter airline operator is reportedly nearing a deal to go private.

Atlas Air (AAWW) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Apollo Global Management is looking to acquire Atlas Air, but details are not known. Airline merger and acquisition momentum has increased significantly this year.

The charter airline operator could be engaged in buyout talks.