The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. United Airlines Holdings Inc. shares valued at $890,940 were purchased by SHAPIRO EDWARD on Jul 26. At $35.64 per share, SHAPIRO EDWARD acquired 25,000 shares. The insider’s holdings grew to 150,000 shares worth approximately $5.42 million following the completion of this transaction.
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Also, SHAPIRO EDWARD purchased 25,000 shares, netting a total of over 896,082 in proceeds. Following the buying of shares at $35.84 each, the insider now holds 125,000 shares.
Before that, Roitman Jonathan had sold 13,939 shares from its account. In a trade valued at $513,667, the EVP & COO traded United Airlines Holdings Inc. shares for $36.85 each. Upon closing the transaction, the insider’s holdings decreased to 13,939 shares, worth approximately $0.5 million.
As published in a research note from Susquehanna on July 25, 2022, United Airlines Holdings Inc. [UAL] has been rated down from a Positive to a Neutral and the price target has been revised to $35. This represents a -3.2% premium over Wednesday’s closing price. Analysts at Exane BNP Paribas downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early July. As of July 07, 2022, Argus has decreased its “Buy” rating to a “Hold” for UAL. Earlier on May 06, 2022, Wolfe Research upgraded its rating. Their new recommendation was “a Peer perform” for UAL stock which previously was a “an Underperform”.
Analyzing UAL’s Price Performance
On Wednesday, United Airlines Holdings Inc. [NASDAQ: UAL] plunged -5.37% to $36.12. The stock’s lowest price that day was $36.085, but it reached a high of $37.74 in the same session. During the last five days, there has been a drop of approximately -6.01%. Over the course of the year, United Airlines Holdings Inc. shares have dropped approximately -17.50%. Shares of the company reached a 52-week high of $53.12 on 04/22/22 and a 52-week low of $30.54 on 03/08/22. A 50-day SMA is recorded $37.85, while a 200-day SMA reached $41.91. Nevertheless, trading volume fell to 14.61 million shares from 9.61 million shares the previous day.
Support And Resistance Levels for United Airlines Holdings Inc. (UAL)
According to the 24-hour chart, there is a support level at 35.56, which, if violated, would cause prices to drop to 34.99. In the upper region, resistance lies at 37.21. The next price resistance is at 38.30. RSI (Relative Strength Index) is 42.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 63.50%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is United Airlines Holdings Inc. subject to short interest?
Stocks of United Airlines Holdings Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -4.08 million shares to 18.82 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 22.9 million shares. A decline of -21.68% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.59 of the overall float, the days-to-cover ratio (short ratio) decline to 1.59.
Which companies own the most shares of United Airlines Holdings Inc. (UAL)?
According to The Vanguard Group, Inc. filings, the company currently owns 34,613,261 shares, which is about 10.59% of the total UAL shares outstanding. The investor’s shares have appreciated by 944,377 from its previous 13-F filing of 33668884.0 shares. With the completion of the sale transaction, PRIMECAP Management Co.’s stake is now worth $863,708,183. BlackRock Fund Advisors acquire a 0.15% interest valued at $494.08 million while Capital Research & Management Co purchased a 4,041,656 stake. A total of -338,381 shares of United Airlines Holdings Inc. were bought by SSgA Funds Management, Inc. during the quarter, and 183,192 were bought by Geode Capital Management LLC. In its current portfolio, US Global Investors, Inc. holds 6,472,182 shares valued at $226.59 million.
In terms of United Airlines Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $52.26 in the next 12 months, up nearly 24.44% from the previous closing price of $38.17. Analysts anticipate United Airlines Holdings Inc. stock to reach $81.00 by 2022, with the lowest price target being $33.00. In spite of this, 21 analysts ranked United Airlines Holdings Inc. stock as an Overweight at the end of 2022. On April 22, 2022, JP Morgan assigned a price target of “an Overweight” to the stock and upgraded coverage with a $76.