AMR Corporation Down 7% As Morningstar Suggests Potential for Bankruptcy

AMR Corporation

shares are plunging, down almost 8% after worries popped up that the company could be getting ready to file for Chapter 11, bankruptcy. Morningstar has suggested that the company will "succumb to bankruptcy", the reason for the sudden drop in shares. At last check, shares were off 22 cents to $2.66, a loss of 7.24%.