American Airlines (AAL) Stock Gains 1%: Are Airline Stocks Buys?

In 5 days, American Airlines (AAL) stock surged 1.3%. Last Thursday the price was $ 19.94. The next day, it fell by $ 0.56. With the opening of trading on Tuesday, the price popped to $ 19.63. On September 8, before the worth plummeted to $19.10, it had risen temporarily by $ 10. The cost has plunged for almost all 5 days. However, on the fifth day, the price went up sharply to $20.44, in a resulting 7% profit. Now, the stock is trading at $20.20.
180503 philadelphia int airport stabbing featureOn Thursday, Biden announced measures requiring vaccination for all federal executive employees and contractors working with the US government. Companies employing more than 100 employees will be required to hold weekly vaccination or testing of these workers. So should you buy stocks of the airlines right now? Such carriers as American Airlines (AAL), Southwest (LUV), Spirit Airlines (SAVE), and Frontier Airlines (ULCC), recently noted a downward trend in demand, which, according to them, is probably due to the growth of the delta variant. American Airlines (AAL) has the same weak aggregate rating as Delta at 33 and an EPS rating of 25. Airline stocks are not bought right now.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.

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