AAL Stock Price: American Airlines Group Inc. plummets below $15.00

American Airlines (AAL) drops to multi-day lows in sub-$15.00 area.
US stock markets point to a strong opening on Monday.

Pablo Piovano FXStreet

American Airlines Group Inc. (AAL) is shedding further ground during the pre-market activity and breaches the $15.00 yardstick, down around 8% at the time of writing.

Despite the better tone in the risk complex, the travel sector remains under heavy pressure amidst the relentless uptick in coronavirus cases and increasing efforts to return to some sort of economic normality in global economies.

Latest news around AAL cited the company is looking to boost liquidity (around $3.5 billion) via increasing debt and equity.

AAL Stock Chart

As of writing, AAL is retreating 7.25% at $14.84 and faces the next support at $14.07 (weekly low Jun.11) followed by $11.99 (55-day SMA) and then $8.25 (2020 low May 14). On the other hand, a breakout of $18.44 (weekly high Jun.16) would aim for $22.08 (200-day SMA) and finally $22.80 (monthly high Jun.5).

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.