Why wouldn't they sell if they knew the company was fling for bankruptcy and was going down as they knew it. That "something" was cooked months ago. The current trend is most if not all speculation driven, but also nice trading opps along the way. Having said and done that...wished I'd held my original 3K shrs at $2.63 in hindsight.
Yes, and also 4 insiders sold at $6 after the DOJ comments and all the shares added up to 70,000 and guess what all 4 insiders still have 3 million shares among themselves. Do your homework before you say something. The judge already said good luck with the merger which can't be stopped unless they will break up all the mergers. AMR was impacted by a terrorist act as was United Airlines and for one of those company going out of business will be a shame on Department of Justice and a victory for Terrorist people in the world. AMR and USAir are the smallest airlines compared to the others now and considering AMR was the biggest. It Will Pass only if they exit bankruptcies