United Continental Holdings (NYSE:UAL) has tumbled 7.51% during the past week and has dropped 4.2% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 6.4%. United Continental Holdings (NYSE:UAL) has underperformed the index by 5.08% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
United Continental Holdings (NYSE:UAL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.90 and $41.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.62, notching a gain of 1.89% for the day. The total traded volume was 8,183,106 . The stock had closed at $41.83 on the previous day.
The company shares have dropped -22.23% from its 1 Year high price. On Sep 17, 2015, the shares registered one year high at $62.21 and the one year low was seen on Jun 14, 2016. The 50-Day Moving Average price is $44.90 and the 200 Day Moving Average price is recorded at $51.95.
On the companys insider trading activities, Jojo Linda P, officer (EVP and CIO) of United Continental Holdings, Inc., had purchased 2,500 shares on April 28, 2016. The total value of the transaction was $121,925. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Brokerage firm Morgan Stanley maintains its rating on United Continental Holdings (NYSE:UAL). As per the latest information, the brokerage house lowers the price target to $58 per share from a prior target of $67. The shares have been rated Overweight. The rating by the firm was issued on April 28, 2016. Currently the company Insiders own 0.25% of United Continental Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 13.15% . Institutional Investors own 95.67% of United Continental Holdings shares. During last six month period, the net percent change held by insiders has seen a change of 13.13%.
United Continental Holdings, Inc. (UAL) is a holding company and its principal wholly owned subsidiary is United Air Lines, Inc. (United). The Company transports people and cargo through its mainline operations, which use jet aircraft with at least 118 seats, and its regional operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates an average of 5,055 flights a day to 373 airports across six continents from the Companys hubs at Newark Liberty International Airport, Chicago OHare International Airport, Denver International Airport, George Bush Intercontinental Airport, Los Angeles International Airport, A.B. Won Pat International Airport, San Francisco International Airport and Washington Dulles International Airport. It has contractual relationships with a range of regional carriers to provide regional jet and turboprop service branded as United Express.