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The Middle Eastern carrier will pay $660 million for a 9.6% stake just months after abandoning plans to buy a similar holding in American Airlines.
Latam Airlines (LFL) stock is lower this afternoon following a rating downgrade at Goldman Sachs.
Trade-Ideas LLC identified LATAM Airlines Group (LFL) as a weak on high relative volume candidate
LatAm (LFL) shares closed higher after the company met its first quarter cost cutting initiatives, beating analysts' operating profit expectations.
Lots of individual names are starting to look "bottomy" as laggards suddenly shift into playing catch-up with the S&P 500.