United Continental Holdings (UAL) : Traders are bullish on United Continental Holdings (UAL) as it has outperformed the S&P 500 by a wide margin of 6.63% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 12.66%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 14.34% in the last 1 week, and is up 11.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 11.97% and the 50-Day Moving Average is 8.06%.
United Continental Holdings (NYSE:UAL): The stock opened at $47.51 on Friday but the bulls could not build on the opening and the stock topped out at $47.76 for the day. The stock traded down to $46.92 during the day, due to lack of any buying support eventually closed down at $47.43 with a loss of -0.88% for the day. The stock had closed at $47.85 on the previous day. The total traded volume was 5,184,843 shares.
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 7.72% . Institutional Investors own 95.51% of United Continental Holdings shares. During last six month period, the net percent change held by insiders has seen a change of 13.13%. 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.