2 Airline Stocks Shaking Off Omicron Fears

American Air Lines stock could end the year with a gain

Digital Content Manager
Dec 20, 2021 at 10:25 AM
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The airline sector initially buckled under the weight of the Covid-19 omicron variant on Monday morning, amid reports of the strain's rapid spread, which is threatening to shut down holiday plans for many. Two stocks, in particular, that are making moves are Delta Air Lines, Inc. (NYSE:DAL), and American Airlines Group Inc (NASDAQ:AAL)

Due to the volatile nature of last week's trading, both stocks are coming off weekly losses, which they are looking to rectify during today's trading. Delta Air Lines stock lost 4.2% last week, and was last seen up 1.6% to trade at $37.14, while American Airlines stock shed 5.9% last week, but was last seen with a 4.6% daily gain to trade at $17.73.

Its been a rocky year for both securities, though American Airlines stock could finish 2021 with an edge, as the equity sports a 10% year-to-date lead. A late-November bear gap put a lid on some of these gains however, and an effort to close this gap earlier in the month was snuffed out by the 320-day moving average. 

DAL has suffered a similar fate, gapping to an annual low of $33.53 on Dec. 1. The stock has recovered some of these losses, and the $35.50 level has stepped in as support during the past couple sessions, though all short- and long-term moving averages still loom as potential resistance on the charts. 

 

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