Investors Buy Large Volume of United Continental Holdings Put Options (UAL)
Shares of United Continental Holdings (NYSE:UAL) was the target of unusually large options trading activity on Tuesday. Stock traders bought 12,055 put options on the stock, StockRatingsNetwork.com reports. This represents an increase of 165% compared to the typical daily volume of 4,541 put options.
In other United Continental Holdings news, CEO Jeffery Smisek acquired 9,054 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average price of $27.66 per share, for a total transaction of $250,433.64. Following the completion of the transaction, the chief executive officer now directly owns 444,963 shares in the company. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
UAL has been the subject of a number of recent research reports. Analysts at Barclays Capital cut their price target on shares of United Continental Holdings (NYSE:UAL) from $38.00 to $32.00 in a research note to investors on Tuesday. Separately, analysts at Buckingham Research upgraded shares of United Continental Holdings (NYSE:UAL) from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, September 3rd. Finally, analysts at CRT Capital raised their price target on shares of United Continental Holdings (NYSE:UAL) from $37.00 to $40.00 in a research note to investors on Friday, August 23rd. They now have a “buy” rating on the stock.
One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. United Continental Holdings presently has a consensus rating of “Hold” and an average price target of $34.11.
United Continental Holdings (NYSE:UAL) traded up 7.32% during mid-day trading on Tuesday, hitting $33.30. The stock had a trading volume of 10,611,065 shares. United Continental Holdings has a 52-week low of $18.85 and a 52-week high of $36.74. The stock has a 50-day moving average of $31.92 and a 200-day moving average of $31.53. The company’s market cap is $11.852 billion.
United Continental Holdings (NYSE:UAL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.32 by $0.03. The company had revenue of $10.00 billion for the quarter, compared to the consensus estimate of $9.98 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Analysts expect that United Continental Holdings will post $3.14 EPS for the current fiscal year.
United Continental Holdings, Inc (NYSE:UAL) is a holding company and its principal, wholly owned subsidiaries are United Air Lines, Inc (United) and Continental Airlines, Inc (Continental).
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