AMR (AAMRQ) Up In First Day of OTC Trading
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So far, AMR (OTC: AAMRQ), formerly (NYSE: AMR), is liking the pink sheets.
Shares of the bankrupt airline are up 17 percent, or 4 cents per share to $0.28, in its first day of trading following the NYSE delisting.
Shares of AMR fell about 50 percent after announcing the NYSE delisting even though they had already seen a post-bankruptcy sell-off.
AMR is still not saying if the common stock will have any value or not after the bankruptcy.
Shares of the bankrupt airline are up 17 percent, or 4 cents per share to $0.28, in its first day of trading following the NYSE delisting.
Shares of AMR fell about 50 percent after announcing the NYSE delisting even though they had already seen a post-bankruptcy sell-off.
AMR is still not saying if the common stock will have any value or not after the bankruptcy.
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