Strength Seen in Air Transport Services (ATSG): Can Its 26.4% Jump Turn into More Strength?

Air Transport Services (ATSG) shares ended the last trading session 26.4% higher at $22. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 16.9% gain over the past four weeks.The uptick followed the news that ATSG will be acquired by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. The enterprise valuation of the all-cash transaction is $3.1 billion.Under the terms of t ...