American Airlines Cut Its Full-Year Guidance. The Stock Rose 6.8% the Next Day.
The airline just posted the biggest quarter in its history and told investors it may lose money this year. Both are true.
Overview
American Airlines (NASDAQ: AAL) reported second-quarter results on Thursday and lowered its outlook for the year. Initially, investors were spooked, and the stock fell about 8% to close at $13.56.
Then on Friday they bought it back. Shares rose 6.8% to $14.48, recovering much of the drop in a single session.
Details
Two days, two opposite verdicts on the same report. What gives?
Source
Originally published at www.fool.com.
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