American Airlines Group (NASDAQ:AAL), According to the latest information the short interest in American Airlines Group, Inc. plummeted by 6.2% or 2,617,476 shares. The final shorts are 6.9% of the total floated shares. The positions dropped from 42,114,443 shares on May 31,2016 to 39,496,967 on June 15,2016. According to the per-day average trading of 9,293,445 shares, the days to cover are 4. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
American Airlines Group (NASDAQ:AAL): The stock opened at $28.20 on Friday but the bulls could not build on the opening and the stock topped out at $28.50 for the day. The stock traded down to $27.04 during the day, due to lack of any buying support eventually closed down at $27.05 with a loss of -10.81% for the day. The stock had closed at $30.33 on the previous day. The total traded volume was 36,049,898 shares.
The company shares have dropped -31.95% 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 24, 2016. The 50-Day Moving Average price is $31.52 and the 200 Day Moving Average price is recorded at $37.97.
American Airlines Group (NASDAQ:AAL) has tumbled 7.81% during the past week and has dropped 14.53% 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 6.28%. American Airlines Group (NASDAQ:AAL) has underperformed the index by 11.95% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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.