American Airlines (AAL) could be a good longterm invesetment.
What’s up with American Airlines?
American Airlines (AAL) opened at $9.62, which means the stock is up 9.18% from yesterday’s closing price of 9.04. Today, the company has a high of $9.94 and a low of $9.36. The company has a market cap of $4.17 billion with a 52-week high of $34.99 and a 52-week low of $9.09.
What about the future for American Airlines?
The high forecast for American Airlines is $27.00 while the low is $5.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. American Airlines has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future. Based on this information AAL seems to be a safe buy.
About American Airlines
American Airlines Group, Inc. is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic; Department of Transportation Latin America; Department of Transportation Atlantic; and Department of Transportation Pacific. The company was founded on December 9, 2013 and is headquartered in Fort Worth, TX.