AA Preferred Stock Tanks

WingNaPrayer

Veteran
Aug 20, 2002
1,742
0
EYW
Visit site
So far today, falling nearly another 12%, AA's preferred stock isn't looking so preferred these days. As of today, AA preferred stock is trading at $4.65 and this, after just about 6 weeks ago, that same stock was trading at $24.00, it only has about 1/6th of the value it had at the beginning of the year.
AA's common stock fell another 8% today trading at a low of $2.71