New York, NY -- (SBWIRE) -- 12/20/2012 -- AMR Corp. (OTCQB: AAMRQ), the parent company of American Airlines, is down sharply in mid-day trading today, snapping a twelve-day winning streak. AAMRQ, which filed for bankruptcy last year, had been gaining momentum amid reports that the company was close to merging with US Airways Group Inc.
AAMRQ is currently trading 5.80% lower at $0.894 on volume of 10.81 million, which is more than twice the daily average volume of 4.63 million. Despite the losses today, AAMRQ is still up more than 76% this month. In the last one month, the stock has gained more than 131%.
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World Moto Inc. (OTCQB: FARE), a manufacturer and supplier of taxi meters for the motorcycle taxi industry, is gaining in mid-day trading today, reversing some of the gains from the previous trading session. FARE had fallen nearly 9% on Wednesday. The sharp decline on Wednesday came after the stock rallied in the previous trading session.
FARE is currently trading 1.80% higher at $0.113 on volume of 4.81 million, which is below the daily average volume of 6.90 million. FARE has seen significant trading activity this week as the company made some major announcements. On Wednesday, the Bangkok, Thailand-based company announced that an advisor to the Prime Minister of Thailand joined its Board of Directors.
Find out where FARE could be headed by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=FARE
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