In a filing, American Airlines Group Inc revealed its CEO and President Isom Robert D Jr unloaded Company’s shares for reported $1.76 million on Dec 27 ’24. In the deal valued at $17.21 per share,102,441 shares were sold. As a result of this transaction, Isom Robert D Jr now holds 2,967,984 shares worth roughly $52.0 million.
Then, Isom Robert D Jr bought 102,441 shares, generating $1,763,515 in total proceeds.
TD Cowen upgraded its American Airlines Group Inc [AAL] rating to a Buy from a a Hold in a research note published on January 06, 2025; the price target was increased to $25 from $17. A number of analysts have revised their coverage, including Melius’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Jefferies also remained covering AAL and has increased its forecast on January 06, 2025 with a “Buy” recommendation from previously “Hold” rating. Raymond James revised its rating on December 30, 2024. It rated AAL as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of AAL
On Monday, American Airlines Group Inc [NASDAQ:AAL] saw its stock jump 3.24% to $17.52. Over the last five days, the stock has gained 0.98%. American Airlines Group Inc shares have risen nearly 0.52% since the year began. Nevertheless, the stocks have risen 33.84% over the past one year. While a 52-week high of $18.20 was reached on 01/06/25, a 52-week low of $9.07 was recorded on 01/03/25. SMA at 50 days reached $15.34, while 200 days put it at $12.83.
Levels Of Support And Resistance For AAL Stock
The 24-hour chart illustrates a support level at 17.29, which if violated will result in even more drops to 17.05. On the upside, there is a resistance level at 17.85. A further resistance level may holdings at 18.17. The Relative Strength Index (RSI) on the 14-day chart is 64.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.42%. Stochastics %K at 58.00% 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 2024-12-13, dropping by -9.72 million shares to a total of 47.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 56.94 million shares. There was a decline of -20.58%, which implies that there is a negative sentiment for the stock.