Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. United Airlines Holdings Inc shares valued at $55,005 were purchased by KENNEDY JAMES A C on Nov 07 ’23. At $36.67 per share, KENNEDY JAMES A C acquired 1,500 shares. The insider’s holdings grew to 29,363 shares worth approximately $1.24 million following the completion of this transaction.
Also, KENNEDY JAMES A C purchased 4,500 shares, netting a total of over 163,922 in proceeds. Following the buying of shares at $36.43 each, the insider now holds 27,863 shares.
Before that, LADERMAN GERALD had sold 4,491 shares from its account. In a trade valued at $256,212, the EVP and CFO traded United Airlines Holdings Inc shares for $57.05 each. Upon closing the transaction, the insider’s holdings decreased to 4,491 shares, worth approximately $5.64 million.
As published in their initiating research note from UBS on March 20, 2024, United Airlines Holdings Inc [UAL] has been a Neutral and the price target has been revised to $47. Analysts at Redburn Atlantic downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of February 09, 2024, Evercore ISI has increased its “an In-line” rating to a “an Outperform” for UAL. Earlier on January 24, 2024, TD Cowen resumed its rating. Their recommendation was “an Outperform” for UAL stock.
Analyzing UAL Stock Performance
During the last five days, there has been a drop of approximately -5.04%. Over the course of the year, United Airlines Holdings Inc shares have jumped approximately 2.69%. Shares of the company reached a 52-week high of $48.73 on 04/01/24 and a 52-week low of $37.68 on 01/17/24. A 50-day SMA is recorded $43.74, while a 200-day SMA reached $44.52. Nevertheless, trading volume fell to 13.61 million shares from 6.34 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 41.17, which, if violated, would cause prices to drop to 39.96. In the upper region, resistance lies at 44.16. The next price resistance is at 45.95. RSI (Relative Strength Index) is 40.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.08, which suggests the price will decrease in the coming days. Percent R is at 91.18%, indicating bearish price movement. Stochastics %K at buying 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 Mar 28, 2024 dropping by -1.38 million shares to 16.79 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 18.17 million shares. A decline of -8.22% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.16 of the overall float, the days-to-cover ratio (short ratio) decline to 2.16.
