American Airlines Group Inc. (AAL) has had a mixed run. On the one hand, stocks have witnessed ups and downs, with a noted rise of 4.99% on Oct 4 and then a slide despite market uptick. Morgan Stanley upgraded AAL, while its price target was raised to $12.00. On a positive note, AAL committed to the purchase of 100 ZeroAvia hydrogen-powered engines, demonstrating investment in hydrogen-electric innovators. However, bearish sentiments persist with some predicting it as one of the worst airline stocks to buy. The company faced class actions for alleged securities law violations. A significant executive departure also led to a drop in its stock. Furthermore, institutional ownership of shares is reported at 63% indicating significant control by big players. The financial results for Q2 2024 have been reported, alongside announcements for webcasts of future financial results. Notably, AAL entered into partnerships with Airlink and American Red Cross for Hurricane Helene relief efforts.
American Airlines Group AAL News Analytics from Thu, 25 Jan 2024 08:00:00 GMT to Sat, 05 Oct 2024 14:46:47 GMT -
Rating -4
- Innovation 4
- Information 7
- Rumor -6
