American Airlines Group Inc. [AAL] SVP, Chief Commercial Officer makes an insider sale of 12,678 shares worth 189,916.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. American Airlines Group Inc. shares valued at $189,916 were sold by Raja Vasu on Aug 11. At $14.98 per share, Raja Vasu sold 12,678 shares. The insider’s holdings dropped to 82,453 shares worth approximately $1.09 million following the completion of this transaction.

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As published in a research note from Argus on July 08, 2022, American Airlines Group Inc. [AAL] has been rated down from a Buy to a Hold. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in late April. As of April 22, 2022, Argus has increased its “Hold” rating to a “Buy” for AAL. Earlier on March 07, 2022, Seaport Research Partners downgraded its rating. Their new recommendation was “a Neutral” for AAL stock which previously was a “a Buy”.

Analyzing AAL’s Price Performance

On Wednesday, American Airlines Group Inc. [NASDAQ: AAL] plunged -5.30% to $13.23. The stock’s lowest price that day was $13.23, but it reached a high of $13.85 in the same session. During the last five days, there has been a drop of approximately -5.70%. Over the course of the year, American Airlines Group Inc. shares have dropped approximately -26.34%. Shares of the company reached a 52-week high of $21.42 on 04/21/22 and a 52-week low of $11.93 on 06/17/22. A 50-day SMA is recorded $14.18, while a 200-day SMA reached $16.15. Nevertheless, trading volume fell to 40.63 million shares from 31.08 million shares the previous day.

Support And Resistance Levels for American Airlines Group Inc. (AAL)

According to the 24-hour chart, there is a support level at 13.02, which, if violated, would cause prices to drop to 12.82. In the upper region, resistance lies at 13.64. The next price resistance is at 14.06. RSI (Relative Strength Index) is 42.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 66.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is American Airlines Group Inc. subject to short interest?

Stocks of American Airlines Group Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -12.87 million shares to 77.03 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 89.9 million shares. A decline of -16.71% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.96 of the overall float, the days-to-cover ratio (short ratio) decline to 1.96.

Which companies own the most shares of American Airlines Group Inc. (AAL)?

According to The Vanguard Group, Inc. filings, the company currently owns 68,445,898 shares, which is about 10.53% of the total AAL shares outstanding. The investor’s shares have appreciated by 1,037,362 from its previous 13-F filing of 67408536.0 shares. With the completion of the sale transaction, PRIMECAP Management Co.’s stake is now worth $513,009,082. BlackRock Fund Advisors acquire a 0.11% interest valued at $385.95 million while SSgA Funds Management, Inc. sold a -865,390 stake. A total of -2,885,420 shares of American Airlines Group Inc. were sold by US Global Investors, Inc. during the quarter, and 315,654 were bought by Geode Capital Management LLC. In its current portfolio, Renaissance Technologies LLC holds 7,948,300 shares valued at $103.25 million.

In terms of American Airlines Group Inc. share price expectations, FactSet research, analysts set an average price target of $17.29 in the next 12 months, up nearly 14.53% from the previous closing price of $13.97. Analysts anticipate American Airlines Group Inc. stock to reach $28.00 by 2022, with the lowest price target being $8.00. In spite of this, 20 analysts ranked American Airlines Group Inc. stock as a Hold at the end of 2022.


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