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 $4.24 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 $4.47 million.
TD Cowen reiterated its American Airlines Group Inc [AAL] rating to a Hold in a research note published on October 25, 2024; the price target was $10. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early October has reiterated a ‘”a Hold”‘ rating for it. Bernstein also remained covering AAL and has decreased its forecast on July 22, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. TD Cowen revised its rating on July 17, 2024. It rated AAL as “a Hold” which previously was an “a Buy”.
Price Performance Review of AAL
On Tuesday, American Airlines Group Inc [NASDAQ:AAL] saw its stock jump 1.54% to $13.19. Over the last five days, the stock has lost -4.56%. American Airlines Group Inc shares have fallen nearly -4.00% since the year began. Nevertheless, the stocks have risen 10.10% over the past one year. While a 52-week high of $16.15 was reached on 03/04/24, a 52-week low of $9.07 was recorded on 08/05/24. SMA at 50 days reached $11.72, while 200 days put it at $12.62.
Levels Of Support And Resistance For AAL Stock
The 24-hour chart illustrates a support level at 13.00, which if violated will result in even more drops to 12.81. On the upside, there is a resistance level at 13.30. A further resistance level may holdings at 13.41. The Relative Strength Index (RSI) on the 14-day chart is 58.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.79%. Stochastics %K at 57.51% 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 2024-10-15, dropping by -13.65 million shares to a total of 81.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 95.52 million shares. There was a decline of -16.68%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 29, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $16.
