American Airlines shares spike 50 percent after mention in Reddit forum

Posted by Florance Siggers on Saturday, June 1, 2024

Shares of American Airlines soared early Thursday after a mention on Reddit’s WallStreetBets forum.

“AAL the next GME?” Reddit user u/cardiffgiantthe1st wrote in the chat forum late Wednesday, using the ticker symbols American and GameStop, the struggling video-game retailer whose shares have had a phenomenal rally this week.

American’s stock was recently up 50 percent from the previous day’s close at $24.78 in pre-market trading on Thursday.

This post first appeared on Nypost.com

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