Business Services Industry
AMR Corp. Stock Has Seesaw Session; Shares Trade at Six Times the Usual Volume.
Knight Ridder/Tribune Business News, April, 2003
By Bill Deener, The Dallas Morning News Knight Ridder/Tribune Business News
Apr. 16--Shares of AMR Corp., parent of American Airlines, took a ride on the wild side Tuesday as Wall Street braced for a bankruptcy filing that didn't come.
At its high for the day, the stock traded at $4.50, or 46 percent above its opening. But it quickly settled back from that point and spent most of the day trading between $3.50 and $4. The New York Stock Exchange halted trading in AMR just after 2 p.m. Dallas time -- an hour before the normal close -- with the stock at $3.40, up 32 cents for the day, or 10 percent.
Even with the early end to the day, a staggering 47.7 million shares were traded, about six times higher than its average daily volume of...
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