Large Inflow of Money Detected in American Airlines Group

American Airlines Group (AAL) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $8.96 million worth of transactions were on upticks, whereas, the downticks accounted for $6.09 million worth of transactions. The net money flow was a positive $2.87 million and the uptick to downtick ratio was 1.47. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 6.83 in their favor. The net money flow into the stock was $4.19 million. The value of block trades done on downticks was only $0.72 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $4.91 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. American Airlines Group (AAL) was trading at $35.85, down $0.16 during day. The stock slid -0.44% over the previous days close. For the week, the stock recorded -0.11% over the previous weeks close.


Also, Equity analysts at the Brokerage firm Deutsche Bank upgrades its rating on American Airlines Group (NASDAQ:AAL). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on July 12, 2016.

American Airlines Group (NASDAQ:AAL): The stock opened at $36.07 on Wednesday but the bulls could not build on the opening and the stock topped out at $36.73 for the day. The stock traded down to $35.39 during the day, due to lack of any buying support eventually closed down at $35.92 with a loss of -0.25% for the day. The stock had closed at $36.01 on the previous day. The total traded volume was 13,098,351 shares.

The stock has recorded a 20-day Moving Average of 16.72% and the 50-Day Moving Average is 14.51%. In a related news,The officer (EVP Chief Integration Officer) of American Airlines Group Inc., Goulet, Beverly K. sold 40,000 shares at $33.88 on July 12, 2016. The Insider selling transaction had a total value worth of $1,355,200. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.