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A company insider recently sold 7,545 shares of American Airlines Group Inc [AAL]. Should You Sale?

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 $107,894 were sold by Raja Vasu on Dec 14 ’23. At $14.30 per share, Raja Vasu sold 7,545 shares. The insider’s holdings dropped to 321,608 shares worth approximately $4.8 million following the completion of this transaction.

Also, Raja Vasu sold 5,121 shares, netting a total of over 62,937 in proceeds. Following the sale of shares at $12.29 each, the insider now holds 334,049 shares.

Before that, Raja Vasu had sold 5,298 shares from its account. In a trade valued at $64,795, the EVP Chief Commercial Officer traded American Airlines Group Inc shares for $12.23 each. Upon closing the transaction, the insider’s holdings decreased to 5,298 shares, worth approximately $5.07 million.

As published in their initiating research note from UBS on March 20, 2024, American Airlines Group Inc [AAL] has been a Buy and the price target has been revised to $19. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late January. As of January 22, 2024, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for AAL. Earlier on January 11, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for AAL stock which previously was a “a Hold”.

Analyzing AAL Stock Performance

During the last five days, there has been a surge of approximately 3.61%. Over the course of the year, American Airlines Group Inc shares have jumped approximately 8.73%. Shares of the company reached a 52-week high of $16.15 on 03/04/24 and a 52-week low of $12.72 on 04/16/24. A 50-day SMA is recorded $14.24, while a 200-day SMA reached $13.81. Nevertheless, trading volume fell to 25.94 million shares from 27.97 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 14.82, which, if violated, would cause prices to drop to 14.69. In the upper region, resistance lies at 15.16. The next price resistance is at 15.37. RSI (Relative Strength Index) is 59.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.74, which suggests the price will decrease in the coming days. Percent R is at 20.69%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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