American Airlines Group (NASDAQ:AAL) has tumbled 11.47% during the past week and has dropped 8.34% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 10.4%. American Airlines Group (NASDAQ:AAL) has underperformed the index by 9.18% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
American Airlines Group (NASDAQ:AAL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.10 and $28.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.34, notching a gain of 0.69% for the day. The total traded volume was 15,301,910 . The stock had closed at $29.14 on the previous day.
The company shares have dropped -31.82% from its 1 Year high price. On Nov 3, 2015, the shares registered one year high at $47.09 and the one year low was seen on Jun 17, 2016. The 50-Day Moving Average price is $32.17 and the 200 Day Moving Average price is recorded at $38.51.
On the companys insider trading activities, 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.
Many analysts have stated their opinion on the company shares. Bank of America downgrades their rating on the shares of American Airlines Group (NASDAQ:AAL). The current rating of the shares is Underperform. The rating by the firm was issued on June 16, 2016. Currently 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 -0.11% . 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 -11.49%.
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.