United Continental Holdings (NYSE:UAL) has seen a rise of 96,998 shares or 0.6% in the short interest. The remaining shorts are 4.5% of the total floated shares. The net short interest, as on June 15,2016, stood at 15,087,276 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 5,404,362 shares. On May 31,2016, 14,990,278 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
United Continental Holdings (NYSE:UAL): The stock opened at $42.67 on Friday but the bulls could not build on the opening and the stock topped out at $43.22 for the day. The stock traded down to $41.04 during the day, due to lack of any buying support eventually closed down at $41.06 with a loss of -9.10% for the day. The stock had closed at $45.17 on the previous day. The total traded volume was 12,313,823 shares.
The company shares have dropped -22.25% 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 24, 2016. The 50-Day Moving Average price is $44.60 and the 200 Day Moving Average price is recorded at $51.44.
United Continental Holdings (NYSE:UAL) has tumbled 3.66% during the past week and has dropped 9.12% 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 2.06%. United Continental Holdings (NYSE:UAL) has underperformed the index by 6.37% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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.