American Airlines Group Inc. (NASDAQ: AAL) Stock Coverage Initiated at Citigroup Inc.

Analysts at Citigroup Inc. initiated coverage on American Airlines Group Inc. (NASDAQ: AAL) stock, starting the company at In-Line. A number of other analysts have commented on the stock recently, and the company has earned a consensus one-year price target of $41.08, higher than the opening price, potentially setting up a gain for savvy investors. $36.68.

Generally after analysts publish an “initiating coverage” report on a stock, they will subsequently issue periodic updates.

On Friday, Fed Chairwoman Janet Yellen delivered a much anticipated speech on monetary policy going forward to the end of 2016 and with it a measure of uncertainty. Yellen said the case for a rate hike had “strengthened” but offered no timetable.

The idea of a second rate hike this year appeared to rattle the market.

All three major averages were higher in early trade, but a mid-day sell-off sent stocks into the red, with only the tech-heavy Nasdaq managing to regain positive territory by the close.

The Dow Jones Industrial Average fell 53 points, or 0.29 percent, to 18,395.

The S&P 500 fell around 3 points, or 0.16 percent, to 2,169.

The Nasdaq climbed 7 points, or 0.13 percent, to end the week at 5,219.

American Airlines Group Inc. (NASDAQ: AAL) opened at $36.68 today and has traded in a range between, $36.02 and $36.84. The last trade was at $36.23, representing change of or -1.33%.

Stock often cam move up or down on analysts reports and American Airlines Group Inc. (NASDAQ: AAL) shares traded to the downside, $-0.49 per share or -1.33 percent.

American Airlines Group Inc. (NASDAQ: AAL) now has a market cap of $19.20B

The stock’s average daily volume is 10,776,600 shares out of a total float 524,598,000 and some 6,257,687 shares traded hands on Friday, 62 percent lower than normal.

Look for increasing trading volume in trading activity today and going forward.

The most common applications of moving averages are to identify the trend direction and to determine support and resistance levels.

American Airlines Group Inc. (NASDAQ: AAL) now has a 50-day MA is $35.27 and 200-day MA is $35.86, and it has traded in a 52-week range between $24.85 – 47.09

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of BNB Daily News. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please see our terms and conditions page.

Leave a Reply

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

This site uses Akismet to reduce spam. Learn how your comment data is processed.