American Airlines Group (AAL) : Traders are bullish on American Airlines Group (AAL) as it has outperformed the S&P 500 by a wide margin of 17.2% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 17.71%, 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 19.47% in the last 1 week, and is up 22.32% 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 20.49% and the 50-Day Moving Average is 15.06%.
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 $35.51 and $35.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.89, notching a gain of 0.03% for the day. The total traded volume was 9,817,118 . The stock had closed at $35.88 on the previous day.
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 -10.75% . Institutional Investors own 73.15% of American Airlines Group shares. During last six month period, the net percent change held by insiders has seen a change of -11.28%. 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.