UAL Stock Summary and Trading Ideas (United Airlines Holdings | NASDAQ:UAL)

United Airlines is a major us network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, New York/Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel than its large U.S. peers.

United Airlines Holdings trades on the NASDAQ stock market under the symbol UAL.

As of April 24, 2024, UAL stock price declined to $52.67 with 9,237,296 million shares trading.

UAL has a beta of 1.04, meaning it tends to be more sensitive to market movements. UAL has a correlation of 0.10 to the broad based SPY ETF.

UAL has a market cap of $17.32 billion. This is considered a Large Cap stock.

Last quarter United Airlines Holdings reported $13 billion in Revenue and -$.15 earnings per share. This beat revenue expectation by $89 million and exceeded earnings estimates by $.41.

In the last 3 years, UAL stock traded as high as $60.59 and as low as $30.54.

The top ETF exchange traded funds that UAL belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

UAL stock has underperformed the market in the last year with a return of +18.5%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in UAL shares. However, UAL has outperformed the market in the last 3 month and 2 week periods, returning +30.1% and +21.2%, while SPY returned +4.6% and -2.7%, respectively. This indicates UAL has been having a stronger performance recently.

UAL support price is $52.60 and resistance is $55.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UAL stock will trade within this expected range on the day.