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Recent Insider Activity Could Benefit American Airlines Group Inc (AAL)

American Airlines Group Inc’s recent filing unveils 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 $4.34 million.

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 $4.58 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 -3.36% to $13.51. Over the last five days, the stock has lost -5.06%. American Airlines Group Inc shares have fallen nearly -1.67% since the year began. Nevertheless, the stocks have fallen -0.95% 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 04/16/24. SMA at 50 days reached $14.41, while 200 days put it at $13.97. A total of 25.69 million shares were traded, compared to the trading of 28.82 million shares in the previous session.

Levels Of Support And Resistance For AAL Stock

The 24-hour chart illustrates a support level at 13.36, which if violated will result in even more drops to 13.22. On the upside, there is a resistance level at 13.79. A further resistance level may holdings at 14.08. The Relative Strength Index (RSI) on the 14-day chart is 42.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.69%. Stochastics %K at 54.59% indicates the stock is a holding.

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