American Airlines Back At October 2014 Levels

American Airlines Group Inc AAL shares are trading lower by $1.50 at $30.30 in Tuesday's session. There is no specific catalyst to account for the sharp decline.

After a flat open, it found resistance just above Monday's close ($31.80), reaching $31.97 before turning lower. It went on to make a new low for its recent slide, surpassing its June 3 low ($30.37), reaching $30.02.

The issue has not traded in the $20 handle since October 14, 2014, when it bottomed at $29.49.