AMR Corp. Rises On Takeover Speculation (AMR)

Shares of AMR Corp. AMR are rising on Wednesday with rumors of a possible private equity deal driving the activity. The stock has surged 3.80% to $6.82 on very heavy volume, but has retreated from its highs in the last 15 minutes. Around 21 million AMR shares have already traded hands compared to a daily average volume of 14 million. Look for this volatility to continue throughout the trading day. AMR Corporation operates in the airline industry. The Company's principal subsidiary is American Airlines, Inc.