In yesterday’s Wall Street session, American Airlines Group Inc (NASDAQ:AAL) shares traded at $17.20, up 1.42% from the previous session.
AAL stock price is now 4.40% away from the 50-day moving average and 31.82% away from the 200-day moving average. The market capitalization of the company currently stands at $11.30B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $12 to $20, BofA Securities Upgraded its rating from Underperform to Neutral for American Airlines Group Inc (NASDAQ: AAL). On January 06, 2025, TD Cowen Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $17 to quote $25, while ‘Melius’ rates the stock as ‘Buy’
In other news, Owens Angela, Officer bought 51,906 shares of the company’s stock on Jan 27 ’25. The stock was bought for $890,311 at an average price of $17.15. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 27 ’24, CEO and President Isom Robert D Jr sold 102,441 shares of the business’s stock. A total of $1,763,512 was realized by selling the stock at an average price of $17.21. This leaves the insider owning 2,967,984 shares of the company worth $51.05 million. A total of 1.26% of the company’s stock is owned by insiders.
During the past 12 months, American Airlines Group Inc has had a low of $9.07 and a high of $19.10. According to the stock market information, the enterprise value for the company is $42485063680, which is based on a 15.18 price-to-earnings ratio, a 0.63 price-to-earnings-growth ratio, and a beta of 1.35. The fifty day moving average price for AAL is $16.4142 and a two-hundred day moving average price translates $13.03165 for the stock.
The latest earnings results from American Airlines Group Inc (NASDAQ: AAL) was released for 2024-09-30. The company reported revenue of $13.65 billion for the quarter, compared to $13.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.22 percent. For the current quarter, analysts expect AAL to generate $13.11B in revenue.
