Shares of LATAM Airlines Group S.A. (LFL) Rally 29.7%

LATAM Airlines Group S.A. (LFL) : Traders are bullish on LATAM Airlines Group S.A. (LFL) as it has outperformed the S&P 500 by a wide margin of 31.33% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 27.79%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 29.7% in the last 1 week, and is up 37.07% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 28.98% and the 50-Day Moving Average is 33.35%.

LATAM Airlines Group S.A. (NYSE:LFL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.60 and $8.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.69, notching a gain of 2.12% for the day. The total traded volume was 1,839,637 . The stock had closed at $8.51 on the previous day.


The company Insiders own 7.81% of LATAM Airlines Group S.A. shares according to the proxy statements. Institutional Investors own 3.26% of LATAM Airlines Group S.A. shares.

LATAM Airlines Group S.A. (LATAM) is a Chile-based airline holding company. The Company is primarily involved in the transportation of passengers and cargo, and operates as a business enterprise with two brands: LAN and TAM. LATAM operates through two segments: the air transportation business, and the coalition and loyalty program Multiplus. The Companys Air transport segment corresponds to the route network for air transport. LATAMs segment of loyalty coalition called Multiplus is a frequent flyer program. LATAM provides passenger transport services to approximately 135 destinations in 22 countries and cargo services to approximately 144 destinations in 26 countries, with a fleet of 327 aircraft and a set of bilateral alliances. The LAN brand includes LAN Chile, LAN Peru, LAN Argentina, LAN Colombia, LAN Ecuador and LAN Cargo. The TAM brand includes other brands, services and business units, such as TAM Airlines, TAM Cargo, TAM Viagens, TAM Fidelidade and TAM nas Nuvens.

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