Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. United Airlines Holdings Inc shares valued at $762,915 were sold by Gebo Kate on Apr 18 ’24. At $50.86 per share, Gebo Kate sold 15,000 shares. The insider’s holdings dropped to 57,512 shares worth approximately $3.03 million following the completion of this transaction.
Also, Gebo Kate sold 15,000 shares, netting a total of over 762,360 in proceeds. Following the sale of shares at $50.82 each, the insider now holds 57,512 shares.
Before that, KENNEDY JAMES A C had added 1,500 shares to its account. In a trade valued at $55,005, the Director bought United Airlines Holdings Inc shares for $36.67 each. Upon closing the transaction, the insider’s holdings increased to 1,500 shares, worth approximately $1.55 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 surge of approximately 8.06%. Over the course of the year, United Airlines Holdings Inc shares have jumped approximately 27.65%. Shares of the company reached a 52-week high of $54.67 on 04/23/24 and a 52-week low of $37.68 on 01/17/24. A 50-day SMA is recorded $45.02, while a 200-day SMA reached $44.16. Nevertheless, trading volume fell to 10.0 million shares from 12.73 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 51.87, which, if violated, would cause prices to drop to 51.07. In the upper region, resistance lies at 53.71. The next price resistance is at 54.75. RSI (Relative Strength Index) is 68.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.98, which suggests the price will increase in the coming days. Percent R is at 13.73%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
