American Airlines Group (AAL) : Thursdays money flow analysis of American Airlines Group (AAL) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $99.83 million. In comparison, the inflow of money on upticks was a meager $93.9 million. The dollar value of composite uptick trades minus the downtick trades was negative $5.94 million. The uptick to downtick ratio of 0.94 in the money flow shows weakness. The uptick block trades were valued at $9.96 million. The downtick transaction value was high at $8.47 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 1.18. Hence, the net money flow in the stock was negative ($1.49 million). American Airlines Group (AAL) gained $1.43 at $35.88, a change of 4.15% over the previous days close.
The stock has recorded a 20-day Moving Average of 21.56% and the 50-Day Moving Average is 15.13%. Shares have dropped -25.92% 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 27, 2016. The 50-Day Moving Average price is $30.34 and the 200 Day Moving Average price is recorded at $36.79.
American Airlines Group (NASDAQ:AAL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.11 and $35.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.88, notching a gain of 4.15% for the day. The total traded volume was 16,884,414 . The stock had closed at $34.45 on the previous day.
In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of American Airlines Group Inc., Schifter Richard P had purchased shares worth of $96,390 in a transaction dated on June 13, 2016. A total of 3,000 shares were purchased at a price of $32.13 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.