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What's Going On With United Airlines Stock?
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What's Going On With United Airlines Stock?
Jul 17, 2024 11:04 AM

United Airlines Holdings, Inc. ( UAL ) shares are on watch Wednesday ahead of the company's second-quarter earnings announcement scheduled after the closing bell. 

What To Know:

United Airlines' stock dipped 6.07% last week in sympathy with Delta Air Lines ( DAL ), Inc. , which fell after the company reported mixed second-quarter results and issued weak guidance for its third quarter earnings. 

United Airlines is set to release its second-quarter results after the market close Wednesday and analysts expect the company to report earnings of $3.95 per share and revenue of $15.096 billion for the quarter. United Airlines has beat analysts' expectations in each of the last seven quarters. 

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United's flight attendants filed for federal mediation nearly eight months ago and are preparing for a strike authorization vote which will open on Aug. 1 and close on Aug. 28. United Flight Attendant attendants are demanding a double-digit base pay increase, increased pay for time at work including on the ground, retroactive pay to the amendable date, schedule flexibility and work rule improvements, job security, retirement and more.

"United Flight Attendants can't afford to wait for improvements. We deserve an industry-leading contract, and we are ready to show United management that we will do whatever it takes," said Ken Diaz, president of the United chapter of the Association of Flight Attendants-CWA

TD Cowen analyst Helane Becker maintained United Airlines with a Buy and raised the price target from $65 to $80 ahead of the earnings release.

According to data from Benzinga Pro, United Airlines shares are trading on light volume below the stock’s 50-day moving average of $50.80. 

Should I Sell My UAL Stock?

Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.

Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.

Shares of United Airlines Holdings ( UAL ) have lost 14.43% year to date. This compares to the average annual return of 2.7%, meaning the stock has underperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity.

Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. United Airlines Holdings ( UAL ) stock currently has an RSI of 52.28, indicating neutral conditions.

For analysis tools, charting data and access to exclusive stock news, check out Benzinga PRO. Try it for free.

UAL Price Action: According to Benzinga Pro, United Airlines Holdings ( UAL ) shares are up 0.17% at $47.15 at the time of publication Wednesday.

Read Also:

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Image: Shutterstock

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