Traders Purchase High Volume of United Continental Holdings Put Options (UAL)
Shares of United Continental Holdings (NYSE:UAL) was the recipient of some unusual options trading on Monday. Investors bought 12,302 put options on the company, American Banking News.com reports. This represents an increase of approximately 154% compared to the typical daily volume of 4,847 put options.
UAL has been the subject of a number of recent research reports. Analysts at Buckingham Research downgraded shares of United Continental Holdings from a “buy” rating to a “neutral” rating in a research note to investors on Friday, September 27th. Separately, analysts at Imperial Capital raised their price target on shares of United Continental Holdings from $35.00 to $36.00 in a research note to investors on Wednesday, September 18th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays cut their price target on shares of United Continental Holdings from $38.00 to $32.00 in a research note to investors on Tuesday, September 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. United Continental Holdings currently has a consensus rating of “Hold” and an average price target of $34.18.
United Continental Holdings (NYSE:UAL) opened at 29.92 on Tuesday. United Continental Holdings has a 52-week low of $18.85 and a 52-week high of $36.74. The stock’s 50-day moving average is $31.17 and its 200-day moving average is $31.90. The company’s market cap is $10.649 billion.
United Continental Holdings (NYSE:UAL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.41 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. Analysts expect that United Continental Holdings will post $2.63 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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