American Airlines Leads Aviation Sector Lower on Oil Rebound

American Airlines led the aviation sector lower, making it TheStreet's Move of the Day. The Texas-based airline dropped in a sector-wide selloff as the industry prepares to report the next round of its monthly traffic and sales reports. Also hurting transportation stocks, crude oil recovered to levels near $50 a barrel as weekly inventories grew at a slower pace and Iran nuclear talks appeared to hit an impasse. Deutsche Bank appeared bearish on American Airlines, too, downgrading to a HOLD and cutting price targets to $58. The firm believes international sales will be disappointing in coming quarters.