US Airways Group, Inc. (NYSE:LCC) announced on Monday that it has made a formal merger proposal to American Airlines, according to reports late previous week from The Wall Street Journal, Chicago Tribune and Reuters.
US Airways has been following American, which is in Chapter 11 insolvency and operated by parent firm AMR Corp. That courtship has contained US Airways management reducing side contracts with American’s unions. The merged carrier would be based in Fort Worth, Texas, and soar under the American banner.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Delta Air Lines, Inc (NYSE:DAL) lost -0.89%, United Continental Holdings Inc (NYSE:UAL) edged up +0.24%, China Eastern Airlines Corp. Ltd. (ADR) (NYSE:CEA) which also increased +4.17% and Save the World Air Inc (OTC:ZERO) closed up +1.83%.
US Airways Group, Inc (NYSE:LCC) stock’s trade at beginning with a price of $12.79 and in ongoing trading session climbed at a high of $12.84 other than after it traded advanced -0.08% to $12.76.
The stock is going forward its 52 week low with +154.93% and lagging behind from its 52 week high price with -12.68%. LCC last month stock price volatility remained 4.21%.
LCC stock insider ownership included 0.12%. In its share capital LCC has 162.44 million outstanding shares among them 161.53 million shares have been floated in market exchange.
Company’s beta coefficient included 0.92. Beta factors measures the amount of market risk associated with market trade.
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