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United Airlines Holdings Inc (UAL) rating initates by UBS

United Airlines Holdings Inc’s recently made public that its Director KENNEDY JAMES A C acquired Company’s shares for reported $55005.0 on Nov 07 ’23. In the deal valued at $36.67 per share,1,500 shares were bought. As a result of this transaction, KENNEDY JAMES A C now holds 29,363 shares worth roughly $1.23 million.

Then, KENNEDY JAMES A C bought 4,500 shares, generating $163,922 in total proceeds. Upon buying the shares at $36.43, the Director now owns 27,863 shares.

Before that, LADERMAN GERALD sold 4,491 shares. United Airlines Holdings Inc shares valued at $256,212 were divested by the EVP and CFO at a price of $57.05 per share. As a result of the transaction, LADERMAN GERALD now holds 133,213 shares, worth roughly $5.57 million.

UBS initiated its United Airlines Holdings Inc [UAL] rating to a Neutral in a research note published on March 20, 2024; the price target was $47. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Neutral”. Evercore ISI also remained covering UAL and has increased its forecast on February 09, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. TD Cowen maintained its rating on January 24, 2024. It rated UAL as “an Outperform”.

Price Performance Review of UAL

On Friday, United Airlines Holdings Inc [NASDAQ:UAL] saw its stock fall -2.88% to $41.80. Over the last five days, the stock has lost -3.22%. United Airlines Holdings Inc shares have risen nearly 1.31% since the year began. Nevertheless, the stocks have risen 0.87% over the past one year. While a 52-week high of $58.23 was reached on 04/01/24, a 52-week low of $33.68 was recorded on 01/17/24. SMA at 50 days reached $43.78, while 200 days put it at $44.40. A total of 10.94 million shares were traded, compared to the trading of 8.29 million shares in the previous session.

Levels Of Support And Resistance For UAL Stock

The 24-hour chart illustrates a support level at 41.21, which if violated will result in even more drops to 40.62. On the upside, there is a resistance level at 42.26. A further resistance level may holdings at 42.72. The Relative Strength Index (RSI) on the 14-day chart is 38.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.59%. Stochastics %K at 12.22% indicates the stock is a buying.

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