Stock Market Today: American Airlines Gains 12.7% on Sector Rally

Core Insights - American Airlines shares surged 12.7% to close at $12.94, driven by a broader airline sector rally following positive results from Delta Air Lines [1][2] - The stock traded between $12.13 and $13.18, reflecting investor optimism based on competitor performance [1] - Trading volume for American Airlines reached 144.6 million shares, significantly above its 50-day average of 58 million, indicating heightened investor interest [3] Financial Performance - Delta Air Lines reported strong Q2 adjusted earnings of $2.10 per share on $15.5 billion revenue, reinstating full-year guidance and raising its dividend, which positively influenced American Airlines' stock [2] - United Airlines experienced a dramatic gain of 14.3%, benefiting from Delta's outlook and analyst upgrades [2] Market Sentiment - The substantial rally in American Airlines' stock suggests investors may be anticipating similar positive results when the company reports its own quarterly earnings [4] - Analyst sentiment is mixed, with Goldman Sachs issuing a "sell" rating and a target of $8, while TD Cowen has a more optimistic target of $13 [4]