Stock Market Today, June 23: American Airlines Rallies After Jet-Fuel Price Drop Spurs Technical Breakout

Stock Market Today, June 23: American Airlines Rallies After Jet-Fuel Price Drop Spurs Technical Breakout

American Airlines Group (NASDAQ:AAL), a major U.S. network carrier, closed at $16.14, up 0.37%. Lower jet-fuel prices and a technical breakout supported the shares, while investors are now watching earnings and guidance.Trading volume reached 166.1 million shares, coming in about 118% above its three-month average of 76.1 million shares.American Airlines Group IPO'd in 2005 and has fallen 16% since going public.How the markets moved todayThe S&P…

American Airlines stock trails rivals with earnings in focus as fuel prices fall

UBS hiked its American Airlines price target to $21, but with shares last quoted at $16.14—just above the $16.10 average analyst target—the stock’s next move hinges on whether lower jet fuel prices boost earnings guidance, as investors have favored higher-profit rivals and American’s valuation leaves little room for upside without upgraded outlooks. The post American Airlines stock trails rivals with earnings in focus as fuel prices fall appeare…