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Why is Aersale Corp (ASLE) Stock down?

We've noticed a 5.92% decline in Aersale Corp (ASLE) stock during the 2024-07-01 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
14 Dec, 2023:

Shares of AerSale Corp (ASLE) dropped by 8.53% from $14.78 to $13.52 in the trading on Thursday, December 14, 2023. The reason why ASLE down today is due to an announcement by AerSale Corporation regarding a secondary offering by affiliates of Leonard Green & Partners, L.P. (the "Selling Stockholders"). They planned to offer 4,000,000 shares of ASLE's common stock. This news affected ASLE's share price negatively. The shares were to be offered by the underwriter in various transactions, including on the Nasdaq Capital Market and in the over-the-counter market. The Selling Stockholders also granted the underwriter a 30-day option to purchase an additional 600,000 shares. Notably, AerSale Corp itself was not issuing or selling any shares in this offering, with all proceeds going to the Selling Stockholders.

09 Nov, 2023:

Aersale Corporation Stock (ASLE) dropped by 12.74% from $15.38 to $13.42 in the trading on Thursday November 9, 2023. The reason why ASLE stock down today is due to the worse-than-expected third-quarter financial results. The company reported third-quarter adjusted earnings of $0.03 per share on revenue of $92.5 million, falling short of Wall Street expectations for a $0.21 per-share profit on sales of $115 million. CEO Nicolas Finazzo said that volumes improved in the third quarter, but the softening air cargo market is making it harder for AerSale to sell 757 airframes converted for freighter use.

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