Large Outflow of Money Witnessed in United Continental Holdings

United Continental Holdings (UAL) : Money flow in the United Continental Holdings (UAL) stock was negative (3.38 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $17.05 million, compared to $20.43 million on downticks. The total uptick to downtick ratio was 0.83, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0.18 million), indicating selling on the strength. The transaction value during uptick in block trades was $1.01 million. Downtick transaction value in block trades amounted to $1.19 million, indicating persistent selling. The uptick to downtick ratio was 0.85. United Continental Holdings (UAL) traded $0.11 higher at $51 gaining 0.22% over the previous days close.


The company Insiders own 0.39% of United Continental Holdings shares according to the proxy statements. Institutional Investors own 93.69% of United Continental Holdings shares. During last six month period, the net percent change held by insiders has seen a change of 13.15%.

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. 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.

United Continental Holdings (NYSE:UAL): The stock opened at $50.68 and touched an intraday high of $51.53 on Friday. During the day, the stock corrected to an intraday low of $50.45, however, the bulls stepped in and pushed the price higher to close in the green at $51.09 with a gain of 0.39% for the day. The total traded volume for the day was 3,732,402. The stock had closed at $50.89 in the previous trading session.

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 5.68% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.46%, 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 9% in the last 1 week, and is up 5.54% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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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