American Airlines Group Inc (AAL) rating initates by UBS

American Airlines Group Inc’s filing revealed that its EVP Chief Commercial Officer Raja Vasu unloaded Company’s shares for reported $0.11 million on Dec 14 ’23. In the deal valued at $14.30 per share,7,545 shares were sold. As a result of this transaction, Raja Vasu now holds 321,608 shares worth roughly $4.63 million.

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Then, Raja Vasu sold 5,121 shares, generating $62,937 in total proceeds. Upon selling the shares at $12.29, the EVP Chief Commercial Officer now owns 334,049 shares.

Before that, Raja Vasu sold 5,298 shares. American Airlines Group Inc shares valued at $64,795 were divested by the EVP Chief Commercial Officer at a price of $12.23 per share. As a result of the transaction, Raja Vasu now holds 339,170 shares, worth roughly $4.88 million.

UBS initiated its American Airlines Group Inc [AAL] rating to a Buy in a research note published on March 20, 2024; the price target was $19. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in late January from “a Neutral” to “a Buy”. Wolfe Research also remained covering AAL and has increased its forecast on January 22, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Jefferies revised its rating on January 11, 2024. It rated AAL as “a Buy” which previously was an “a Hold”.

Price Performance Review of AAL

On Tuesday, American Airlines Group Inc [NASDAQ:AAL] saw its stock fall -6.55% to $14.40. Over the last five days, the stock has lost -3.49%. American Airlines Group Inc shares have risen nearly 4.80% since the year began. Nevertheless, the stocks have fallen -0.48% over the past one year. While a 52-week high of $19.08 was reached on 03/04/24, a 52-week low of $10.86 was recorded on 01/16/24. SMA at 50 days reached $14.74, while 200 days put it at $14.34. A total of 34.02 million shares were traded, compared to the trading of 36.4 million shares in the previous session.

Levels Of Support And Resistance For AAL Stock

The 24-hour chart illustrates a support level at 14.14, which if violated will result in even more drops to 13.87. On the upside, there is a resistance level at 14.89. A further resistance level may holdings at 15.37. The Relative Strength Index (RSI) on the 14-day chart is 44.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.12%. Stochastics %K at 71.50% indicates the stock is a holding.

How much short interest is there in American Airlines Group Inc?

A steep rise in short interest was recorded in American Airlines Group Inc stocks on Mar 15, 2024, growing by 4.12 million shares to a total of 45.56 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 41.44 million shares. There was a rise of 9.04%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.90% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.54.

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