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Bears Pile on American Airlines Stock After Downgrade
AALAAG(AAL) schaeffersresearch.com·2024-05-30 03:22

American Airlines Group Inc (NASDAQ:AAL) is dragging the airline sector after slashing its second-quarter forecast and announcing its chief commercial officer will leave the company. Plus, Seaport Research Partners downgraded the stock to "neutral" from "buy." At last check, AAL is down 14.8% to trade at 11.46itslowestlevelsinceNovember,andworstsingledaypercentagedropsinceJune2020.Theequityfellmorethan2011.46 -- its lowest level since November, and worst single-day percentage drop since June 2020. The equity fell more than 20% over the last 12 months, and just gapped below the 12 level that had contained ...