The American Airlines stock (AAL) has been on the rise since Monday, March 7, 2022. On March 7, it was trading at $12.84 and it is trading at $14.25 today; an approximate 10% rise in seven days.
To help stock investors interested in investing in American Airlines, Invezz has created a brief article on what it is and where to buy its stock.
To find out more, please continue reading.
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What is American Airlines stock?
American Airlines stock is the stock of American Airlines Group Inc. and it trades on the NASDAQ stock exchange under the ticker NASDAQ: AAL.
American Airlines Group Inc. is an American publicly traded airline holding company. Its headquarters are located in Fort Worth, Texas.
American Airlines was formed in December 2013 through the merger of AMR Corporation and US Airways Group. It is currently the largest airline in the world measured by the number of passengers it carries, its fleet size, and scheduled passenger kilometers flown. It is ranked at position 70 in the Fortune 500 list of the largest corporations in the US as per 2019 revenue.
Should I buy AAL stock today?
If you want to invest in a rising stock, then the AAL stock could be a good choice.
Nevertheless, the covid-19 pandemic had put great strains on airlines across the world due to lockdowns and restriction of movement that caused total halting of operations.
American Airlines lost over $2 billion and actually had to accept the government’s aid to remain in business. It is therefore currently trying to recover and any slight disruptions caused by either another covid-19 wave or the US getting involved in the ongoing Ukraine-Russia war could be a disaster for the airline.
AAL stock price prediction
Analysts and investors are bullish on the AAL stock and the majority foresee the stock hitting $16 before the end of March.
$AAL stock social media coverage
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