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 $1,044,000 were sold by Enqvist Torbjorn J on Oct 17 ’24. At $72.00 per share, Enqvist Torbjorn J sold 14,500 shares. The insider’s holdings dropped to 30,427 shares worth approximately $2.27 million following the completion of this transaction.
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Also, Enqvist Torbjorn J purchased 14,500 shares, netting a total of over 1,044,000 in proceeds.
Before that, Gebo Kate had sold 15,000 shares from its account. In a trade valued at $762,915, the EVP HR and Labor Relations traded United Airlines Holdings Inc shares for $50.86 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $4.29 million.
As published in a research note from TD Cowen on October 17, 2024, United Airlines Holdings Inc [UAL] has been retained to a Buy and the price target has been revised to $100. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in mid July. As of June 06, 2024, Redburn Atlantic has increased its “Neutral” rating to a “Buy” for UAL. Earlier on May 29, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for UAL stock which previously was a “a Hold”.
Analyzing UAL Stock Performance
During the last five days, there has been a surge of approximately 1.61%. Over the course of the year, United Airlines Holdings Inc shares have jumped approximately 80.59%. Shares of the company reached a 52-week high of $75.41 on 10/24/24 and a 52-week low of $37.02 on 08/05/24. A 50-day SMA is recorded $54.00, while a 200-day SMA reached $48.35. Nevertheless, trading volume fell to 5.88 million shares from 5.07 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 73.15, which, if violated, would cause prices to drop to 71.79. In the upper region, resistance lies at 75.64. The next price resistance is at 76.77. RSI (Relative Strength Index) is 84.41 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.71, which suggests the price will increase in the coming days. Percent R is at 5.29%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
