Large Inflow of Money Detected in United Continental Holdings

United Continental Holdings (UAL) stock had a bullish inflow of $8.87 million worth of trades on uptick and an outflow of $5.61 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.58. The net money flow into the stock was $3.26 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $2.93 million. $2.93 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, United Continental Holdings (UAL) stock traded down $0.15 , and reached $47.7, a drop of -0.31% over the previous day. On a weekly basis, the stock is 0.57%, over the previous weeks close.


Also, Equity Analysts at the Deutsche Bank upgrades the rating on United Continental Holdings (NYSE:UAL). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Hold. The rating by the firm was issued on July 12, 2016.

United Continental Holdings (NYSE:UAL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.28 and $47.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.30, notching a gain of 0.94% for the day. The total traded volume was 8,422,197 . The stock had closed at $47.85 on the previous day.

The stock has recorded a 20-day Moving Average of 12.03% and the 50-Day Moving Average is 9.71%. In a related news, Jojo Linda P, officer (EVP and CIO) of United Continental Holdings, Inc. had purchased 2,500 shares on April 28, 2016 in a transaction. The price per share was $48.77 and the total amount of the disclosed transaction was $121,925.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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.

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