Large Outflow of Money Witnessed in American Airlines Group

American Airlines Group (AAL) : Money flow in the American Airlines Group (AAL) stock was negative (17.56 million) on Tuesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $112.09 million, compared to $129.65 million on downticks. The total uptick to downtick ratio was 0.86, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($4.89 million), indicating selling on the strength. The transaction value during uptick in block trades was $10.35 million. Downtick transaction value in block trades amounted to $15.24 million, indicating persistent selling. The uptick to downtick ratio was 0.68. American Airlines Group (AAL) traded $3.58 higher at $34.74 gaining 11.49% over the previous days close.


The company Insiders own 0.25% of American Airlines Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 19.16% . Institutional Investors own 73.42% of American Airlines Group shares. During last six month period, the net percent change held by insiders has seen a change of -10.95%. In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of American Airlines Group Inc., Schifter Richard P had purchased shares worth of $96,390 in a transaction dated on June 13, 2016. A total of 3,000 shares were purchased at a price of $32.13 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Shares of American Airlines Group Inc. rose by 19.81% in the last five trading days and 4.59% for the last 4 weeks. American Airlines Group Inc. has dropped 11.3% during the last 3-month period . Year-to-Date the stock performance stands at -17.7%.

American Airlines Group (NASDAQ:AAL): stock turned positive on Tuesday. Though the stock opened at $32.78, the bulls momentum made the stock top out at $34.89 level for the day. The stock recorded a low of $32.75 and closed the trading day at $34.66, in the green by 11.23%. The total traded volume for the day was 25,515,686. The stock had closed at $31.16 in the previous days trading.

American Airlines Group Inc. (AAG) is a holding company and its wholly-owned subsidiaries include American Airlines, Inc. (American), US Airways Group, Inc. (US Airways Group) and Envoy Aviation Group Inc. (Envoy). US Airways Groups principal subsidiary include US Airways, Inc. (US Airways) and its other wholly-owned subsidiaries include Piedmont Airlines, Inc. (Piedmont), and PSA Airlines, Inc. (PSA). AAGs primary business activity includes the operation of two network carriers through its principal, wholly-owned mainline operating subsidiaries: American and US Airways. The Companys airlines operate an average of approximately 6,700 flights per day to around 339 destinations in around 54 countries from its hubs in Charlotte, Chicago, Dallas/Fort Worth (DFW), Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, District of Columbia.

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