Saturday, June 25, 2022

The Attractiveness of Investing In American Airlines Group Inc. (AAL) is Growing

JP Morgan upgraded its American Airlines Group Inc. [AAL] rating to a Neutral from a an Underweight in a research note published on Tuesday, April 22, 2022; the price target was increased to $26 from $18. PT values the company’s stock at a premium of 49.85 to its Tuesday closing price. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in late April from “a Hold” to “a Buy”. Seaport Research Partners also remained covering AAL and has decreased its forecast on March 07, 2022 with a “Neutral” recommendation from previously “Buy” rating.


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Price Performance Review of AAL

On Tuesday, American Airlines Group Inc. [NASDAQ:AAL] saw its stock jump 0.77% to $13.04. On the same session, the stock had its day’s lowest price of $12.62, but rose to a high of $13.24. Over the last five days, the stock has lost -2.10%. American Airlines Group Inc. shares have fallen nearly -27.39% since the year began. Nevertheless, the stocks have fallen -41.92% over the past one year. While a 52-week high of $22.55 was reached on 04/21/22, a 52-week low of $11.93 was recorded on 06/17/22. SMA at 50 days reached $17.02, while 200 days put it at $18.02. A total of 39.64 million shares were traded, compared to the trading of 56.55 million shares in the previous session.

Levels Of Support And Resistance For AAL Stock

The 24-hour chart illustrates a support level at 12.69, which if violated will result in even more drops to 12.35. On the upside, there is a resistance level at 13.31. A further resistance level may holdings at 13.59. The Relative Strength Index (RSI) on the 14-day chart is 35.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.01%. Stochastics %K at 16.70% indicates the stock is a buying.

American Airlines Group Inc. [AAL] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 67,408,536 shares, or roughly 10.38% of the outstanding AAL shares. In other words, the investor’s shares have risen by 1,208,756 from its previous 13-F filing of 66199780.0. Additionally, PRIMECAP Management Co. decreased -1.99% of its stake after which the total value it holdings stand at $716,254,278, while BlackRock Fund Advisors reduced -1.69% of its stake to hold $530.38 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -49,578 shares of American Airlines Group Inc., while US Global Investors, Inc. sold 2,822,450 shares. At present, Geode Capital Management LLC is holding 12,745,105 shares valued at $227.76 million. Two Sigma Investments LP owned 8,959,525 shares of the company at the time of its most recent 13F filing, worth $160.11 million.

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