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June 5, 2020, 4:05 p.m. EDT

American Airlines stock adds to its tally of records with a weekly gain of over 75%

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By Tomi Kilgore

Shares of American Airlines Group Inc. /zigman2/quotes/209207041/composite AAL -3.38% set two new records Friday, one for volume and another for weekly gains, as an upbeat outlook for travel demand continues to fuel investor sentiment. A shockingly upbeat May jobs report also helped support the notion that the worst of the COVID-19 crisis has passed. The stock jumped 11.2% to the highest close since March 2, a day after the stock rallied aone-day record of 41.1%. Trading volume was a massive 423.6 million shares, breaking Thursday one-day record total of 399.4 million shares. The stock has run up 77.1% this week, or more than double the previous record for a weekly gain of 35.3% for the week ended March 27, 2020. Friday's rally comes even after Raymond James analyst Savanthi Syth downgraded the air carrier to underperform from market perform, saying the debt-burdened carrier's shares were "priced to perfection." The stock has still shed 35.2% year to date, while the U.S. Global Jets ETF /zigman2/quotes/207744796/composite JETS -2.14% has slid 36.2% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.14% has slipped 1.1%.

US : U.S.: Nasdaq
$ 11.58
-0.41 -3.38%
Volume: 5.03M
July 9, 2020 9:46a
P/E Ratio
Dividend Yield
Market Cap
$6.09 billion
Rev. per Employee
US : U.S.: NYSE Arca
$ 15.98
-0.35 -2.14%
Volume: 237,499
July 9, 2020 9:46a
-4.45 -0.14%
Volume: 204.37M
July 9, 2020 9:46a

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