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 May 3, 2024, UAL stock price declined to $51.65 with 7,068,909 million shares trading.

UAL has a beta of 1.07, meaning it tends to be more sensitive to market movements. UAL has a correlation of 0.11 to the broad based SPY ETF.

UAL has a market cap of $16.98 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 has underperformed the market in the last year with a price return of +16.1% while the SPY ETF gained +27.0%. However, in the short term, UAL had mixed performance relative to the market. It has outperformed in the last 3 months, returning +24.8% vs +3.7% return in SPY. But in the last 2 weeks, UAL shares have been beat by the market, returning +0.5% compared to an SPY return of +3.3%.

UAL support price is $50.32 and resistance is $53.04 (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.