Bear Market – Jun 05


American Airlines Sees A BIG Bump

By Editor, Bear Market

Thanks to the slowing down of COVID-19 hysteria, American Airlines Group Inc. (AAL) shares were expected to break two new records today. First for record volume and second for weekly gains.

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AAL stock popped 10.9% in afternoon trading and trading volume saw a whopping 389.8 million shares with just a little under an hour left before the end of the trading day.

American Airlines is now up 76.6% for the week.

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AAL’s surge has surprised many, no more than Raymond James analyst Savanthi Syth who predicted the airlines to underperform. Additionally, It’s important to note that the stock has still shed 35.4% year to date.

Regards,

Editor
Team Bear Market

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