United Airlines Holdings Inc. (NASDAQ:UAL) has witnessed notable fluctuations in its stock performance, with key events ranging from earnings announcements, forecast revisions, and institutional investments. While the stock has experienced a
15% decline, it seems to have retained its position as a favourite amongst institutional investors who owned
75% of the stock. This, along with an undervalued intrinsic value of
up to 93% above its share price, makes the stock an attractive investment.
Q2 earnings topped estimates while revenues lagged. Forecasts predict
Q3 earnings of $3.18 per share in 2024 according to Zacks Research. Various firms, including Tidal Investments LLC, Mather Group LLC, and Kingswood Wealth Advisors LLC increased their stake in the company, whereas QRG Capital Management Inc. and the California State Teachers Retirement System sold significant shares. Yet, despite a week of underperformance in comparison to its competitors, United Airlines is still thought by many as a strategic investment, offering an investment rating upgrade thereby building a robust business.
United Airlines Holdings UAL News Analytics from Mon, 22 Jan 2024 08:00:00 GMT to Sun, 11 Aug 2024 12:33:27 GMT -
Rating 2
- Innovation 0
- Information 6
- Rumor -4