Shares of American Airlines Group (AAL) Sees Large Outflow of Money

American Airlines Group (AAL) : The total negative money flow of $14.86 million on Thursday indicates selling on strength. The inflow of money on upticks was $46.38 million, compared to $61.24 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.76. The negative money flow of $8.24 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $9.52 million in a block trade.The transaction value of block trade on downtick was $17.77 million. The uptick to downtick ratio was 0.54. The price action in the American Airlines Group (AAL) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $29.4 with a gain of $1.05 , a change of 3.7% over the previous days close. The stock registered 0.24% for the week.


American Airlines Group (AAL) : 10 Wall Street analysts covering American Airlines Group (AAL) believe that the average level the stock could reach for the short term is $44.1. The maximum price target given is $50 and the minimum target for short term is around $27, hence the standard deviation is calculated at $6.59. The stock has recorded a 20-day Moving Average of 0.65% and the 50-Day Moving Average is 6.78%.

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 $28.39 and $28.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.40, notching a gain of 3.70% for the day. The total traded volume was 11,779,807 . The stock had closed at $28.35 on the previous day.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.