AAL Stock Summary and Trading Ideas (American Airlines Group | NASDAQ:AAL)

American Airlines is the world's largest airline by aircraft, capacity, and scheduled revenue passenger miles. Its major U.S. hubs are Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. It generates over 30% of U.S. airline revenue connecting Latin America with destinations in the United States. After completing a major fleet renewal, the company has the youngest fleet of U.S. legacy carriers.

American Airlines Group trades on the NASDAQ stock market under the symbol AAL.

As of April 24, 2024, AAL stock price declined to $13.92 with 38,653,518 million shares trading.

AAL has a beta of 1.35, meaning it tends to be more sensitive to market movements. AAL has a correlation of 0.22 to the broad based SPY ETF.

AAL has a market cap of $9.11 billion. This is considered a Mid Cap stock.

Last quarter American Airlines Group reported $13 billion in Revenue and $.29 earnings per share. This beat revenue expectation by $42 million and exceeded earnings estimates by $.19.

In the last 3 years, AAL stock traded as high as $26.04 and as low as $10.86.

The top ETF exchange traded funds that AAL belongs to (by Net Assets): VTI, VB, VOO, VBR, JETS.

AAL has underperformed the market in the last year with a return of +3.9%, while the SPY ETF gained +24.2%. In the last 3 month period, AAL fell short of the market, returning -0.6%, while SPY returned +4.6%. However, in the most recent 2 weeks AAL has outperformed the stock market by returning -0.2%, while SPY returned -2.7%.

AAL support price is $13.85 and resistance is $14.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AAL stock will trade within this expected range on the day.