Each week, we pick one company that has had recent big news in the business world to hold our title “Stock Watch of the Week”. Here, we explain the details of the company’s news and encourage you to channel your inner “finance bro” and be on the lookout for potential changes of this company’s trading price in the coming days to follow. DISCLAIMER: WE ARE NOT FINANCIAL ADVISORS.
American Airlines easily takes the cake this week. Better known on the NASDAQ by the ticker symbol AAL, the well known airline has been under some serious turmoil this week. It was just released on Monday, August 28th that the federal government is fining American Airlines for $4.1 million. The largest fine against an airline in the last decade.
The reason for the fine? The U.S. The Department of Transportation stated that there have been several instances in which passengers were not given the right to exit the planes during long ground delays. Which apparently is a big “no no”.
Good ole American Airlines is attempting to cover their tracks, stating that they provided “substantial compensation” to these passengers, however, the fine is already issued. With that being said, this conflict could still cause us to see a decrease in stock price in the coming days. A potential opportunity for a short position or put-option in the company.
So make sure to get on your trading platform and be on the look-out. And as always, check back in with us next Wednesday for our Stock Watch of the Week.