American Airlines Group (AAL) has been under a strong bear grip, hence the stock is down -0.03% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.53% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.5% in the last 1 week, and is up 0.36% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
American Airlines Group Inc. is up 14.34% in the last 3-month period. Year-to-Date the stock performance stands at -13.09%. The stock has recorded a 20-day Moving Average of 3.46% and the 50-Day Moving Average is 11.5%.
American Airlines Group (NASDAQ:AAL): The stock opened at $36.44 on Friday but the bulls could not build on the opening and the stock topped out at $36.74 for the day. The stock traded down to $36.10 during the day, due to lack of any buying support eventually closed down at $36.49 with a loss of -0.49% for the day. The stock had closed at $36.67 on the previous day. The total traded volume was 6,675,287 shares.
Also, Major Brokerage house, JP Morgan maintains its ratings on American Airlines Group (NASDAQ:AAL). In the latest research report, JP Morgan lowers the target price from $50.5 per share to $41.5 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on July 27, 2016.
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.