In a filing, United Airlines Holdings Inc. revealed its Vice President & Controller KENNY CHRIS unloaded Company’s shares for reported $0.78 million on Feb 10. In the deal valued at $48.94 per share,16,000 shares were sold. As a result of this transaction, KENNY CHRIS now holds 8,132 shares worth roughly $ 0.41 million.
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Then, Hart Gregory L sold 20,000 shares, generating $1,014,700 in total proceeds. Upon selling the shares at $50.73, the EVP & Chief Growth Officer now owns 19,652 shares.
Before that, KENNEDY JAMES A C bought 3,000 shares. United Airlines Holdings Inc. shares valued at $117,195 were divested by the Director at a price of $39.06 per share. As a result of the transaction, KENNEDY JAMES A C now holds 19,596 shares, worth roughly $0.99 million.
Redburn upgraded its United Airlines Holdings Inc. [UAL] rating to a Neutral from a a Sell in a research note published on Monday. PT values the company’s stock at a premium of 7.82 to its Monday closing price. Argus also remained covering UAL and has increased its forecast on December 06, 2022 with a “Buy” recommendation from previously “Hold” rating. Morgan Stanley revised its rating on December 05, 2022. It rated UAL as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of UAL
On Monday, United Airlines Holdings Inc. [NASDAQ:UAL] saw its stock jump 0.98% to $50.70. On the same session, the stock had its day’s lowest price of $50.54, but rose to a high of $51.52. Over the last five days, the stock has gained 2.16%. United Airlines Holdings Inc. shares have risen nearly 34.48% since the year began. Nevertheless, the stocks have risen 15.07% over the past one year. While a 52-week high of $53.26 was reached on 01/18/23, a 52-week low of $30.54 was recorded on 01/03/23. SMA at 50 days reached $46.07, while 200 days put it at $41.17. A total of 4.9 million shares were traded, compared to the trading of 5.34 million shares in the previous session.
Levels Of Support And Resistance For UAL Stock
The 24-hour chart illustrates a support level at 50.32, which if violated will result in even more drops to 49.94. On the upside, there is a resistance level at 51.30. A further resistance level may holdings at 51.90. The Relative Strength Index (RSI) on the 14-day chart is 58.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.87%. Stochastics %K at 69.65% indicates the stock is a holding.
How much short interest is there in United Airlines Holdings Inc.?
A steep rise in short interest was recorded in United Airlines Holdings Inc. stocks on Jan 12, 2023, growing by 3.53 million shares to a total of 18.8 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 15.27 million shares. There was a rise of 18.78%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.43% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.92.
United Airlines Holdings Inc. [UAL] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 36,242,823 shares, or roughly 11.09% of the outstanding UAL shares. In other words, the investor’s shares have risen by 1,382,286 from its previous 13-F filing of 34860537.0. Additionally, PRIMECAP Management Co. decreased -1.69% of its stake after which the total value it holdings stand at $1,178,479,391, while BlackRock Fund Advisors added 2.83% of its stake to hold $710.48 million in the firm. Over the last quarter, Capital Research & Management Co purchased 100,612 shares of United Airlines Holdings Inc., while SSgA Funds Management, Inc. bought 133,352 shares. At present, Geode Capital Management LLC is holding 6,871,405 shares valued at $336.42 million. Renaissance Technologies LLC owned 6,025,263 shares of the company at the time of its most recent 13F filing, worth $295.0 million.