Shares of American Airlines Group (AAL) Sees Large Outflow of Money

American Airlines Group (AAL) : The total money flow in American Airlines Group (AAL) was negative ($67.05 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $134.23 million. Transactions on upticks were comparatively lower at $67.18 million. The uptick to downtick ratio was 0.5. The total block trades done on upticks were valued at $9.78 million. The total block trades on downticks were valued at $69.29 million. The uptick to the downtick ratio of block trades was 0.14. The money flow during block trades was negative ($59.51 million) when the stock traded with a gain of $88 cent. American Airlines Group (AAL) was $37.05, an increase of 2.43% over the previous days close.


Also, Imperial Capital initiates coverage on American Airlines Group (NASDAQ:AAL). In the latest research report, Imperial Capital announces the target price to $40 per share. According to the latest information available, the shares are now rated In-line by the analysts at the agency. The rating by the firm was issued on August 26, 2016.

Shares of American Airlines Group Inc. rose by 1.79% in the last five trading days and 4.38% for the last 4 weeks. American Airlines Group Inc. is up 16.31% in the last 3-month period. Year-to-Date the stock performance stands at -11.76%.

American Airlines Group (NASDAQ:AAL): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.45 and $35.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.05, notching a gain of 2.43% for the day. The total traded volume was 14,509,340 . The stock had closed at $36.17 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Goulet, Beverly K., officer (EVP Chief Integration Officer) of American Airlines Group Inc., had unloaded 40,000 shares at an average price of $33.88 in a transaction dated on July 12, 2016. The total value of the transaction was worth $1,355,200.

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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