Stock Traders Buy Large Volume of United Continental Holdings Put Options (UAL)
United Continental Holdings (NYSE:UAL) saw some unusual options trading activity on Thursday. Stock traders bought 12,039 put options on the company, StockRatingsNetwork.com reports. This is an increase of approximately 228% compared to the typical daily volume of 3,666 put options.
A number of research firms have recently commented on UAL. Analysts at Imperial Capital raised their price target on shares of United Continental Holdings (NYSE:UAL) from $35.00 to $36.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, 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, September 10th. Finally, 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.
One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $34.18.
United Continental Holdings (NYSE:UAL) traded up 1.33% on Friday, hitting $34.24. The stock had a trading volume of 650,385 shares. United Continental Holdings has a 1-year low of $18.85 and a 1-year high of $36.74. The stock has a 50-day moving average of $31.42 and a 200-day moving average of $31.82. The company’s market cap is $12.186 billion.
United Continental Holdings (NYSE:UAL) last released its earnings data 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. On average, analysts predict that United Continental Holdings will post $3.13 earnings per share 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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