American Airlines stock slips in premarket as oil rebounds; Tepper’s Appaloosa lifts stake
American Airlines shares fell 1.6% to $14.17 in premarket trading Wednesday after a 3.75% jump Tuesday. Oil prices rose nearly 3% as Brent hit $69.27 a barrel following stalled Ukraine-Russia talks. Hedge fund Appaloosa increased its stake in American Airlines by 4.9 million shares last quarter, SEC filings showed.