In yesterday’s Wall Street session, American Airlines Group Inc (NASDAQ:AAL) shares traded at $14.52, down -1.43% from the previous session.
AAL stock price is now 2.00% away from the 50-day moving average and 5.23% away from the 200-day moving average. The market capitalization of the company currently stands at $9.53B.
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With the price target of $19, UBS recently initiated with Buy rating for American Airlines Group Inc (NASDAQ: AAL). On January 29, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $14 to quote $20, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, Raja Vasu, EVP Chief Commercial Officer sold 7,545 shares of the company’s stock on Dec 14 ’23. The stock was sold for $107,894 at an average price of $14.30. Upon completion of the transaction, the EVP Chief Commercial Officer now directly owns 321,608 shares in the company, valued at $4.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’23, EVP Chief Commercial Officer Raja Vasu sold 5,121 shares of the business’s stock. A total of $62,937 was realized by selling the stock at an average price of $12.29. This leaves the insider owning 334,049 shares of the company worth $4.85 million. A total of 1.38% of the company’s stock is owned by insiders.
During the past 12 months, American Airlines Group Inc has had a low of $10.86 and a high of $19.08.
The company reported revenue of $12.57 billion for the quarter, compared to $12.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.13 percent.
