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 $5.62 million.
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Bernstein upgraded its American Airlines Group Inc [AAL] rating to an Outperform from a a Mkt perform in a research note published on December 10, 2024; the price target was increased to $24 from $14. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early December has reiterated a ‘”a Hold”‘ rating for it. Seaport Research Partners also remained covering AAL and has increased its forecast on December 05, 2024 with a “Buy” recommendation from previously “Neutral” rating. UBS revised its rating on November 26, 2024. It rated AAL as “a Neutral” which previously was an “a Buy”.
Price Performance Review of AAL
On Tuesday, American Airlines Group Inc [NASDAQ:AAL] saw its stock jump 1.92% to $17.49. Over the last five days, the stock has gained 20.87%. American Airlines Group Inc shares have risen nearly 27.29% since the year began. Nevertheless, the stocks have risen 27.11% over the past one year. While a 52-week high of $18.09 was reached on 12/10/24, a 52-week low of $9.07 was recorded on 08/05/24. SMA at 50 days reached $13.61, while 200 days put it at $12.63.
Levels Of Support And Resistance For AAL Stock
The 24-hour chart illustrates a support level at 17.17, which if violated will result in even more drops to 16.85. On the upside, there is a resistance level at 18.01. A further resistance level may holdings at 18.52. The Relative Strength Index (RSI) on the 14-day chart is 78.60, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.98, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.00%. Stochastics %K at 81.63% indicates the stock is a selling.
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 2024-11-29, dropping by -19.08 million shares to a total of 47.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 66.51 million shares. There was a decline of -40.22%, which implies that there is a negative sentiment for the stock.
