American Airlines Group Inc (NASDAQ:AAL) shares traded 1.04% higher at $10.69 on Wall Street last session.
AAL stock price is now -11.61% away from the 50-day moving average and -19.13% away from the 200-day moving average. The market capitalization of the company currently stands at $7.01B.
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With the price target reduced from $18 to $12, Bernstein Downgraded its rating from Outperform to Mkt Perform for American Airlines Group Inc (NASDAQ: AAL). On July 17, 2024, TD Cowen Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $16 to quote $10, while ‘Seaport Research Partners’ rates the stock as ‘Neutral’
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 $3.44 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 $3.57 million. A total of 1.43% of the company’s stock is owned by insiders.
During the past 12 months, American Airlines Group Inc has had a low of $10.34 and a high of $18.17. According to the stock market information, the enterprise value for the company is $37977604096, which is based on a 17.92 price-to-earnings ratio, a 0.39 price-to-earnings-growth ratio, and a beta of 1.45. The fifty day moving average price for AAL is $11.8678 and a two-hundred day moving average price translates $13.25505 for the stock.
The latest earnings results from American Airlines Group Inc (NASDAQ: AAL) was released for 2024-03-31. 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.
