Overall market sentiment has been high on United Airlines Holdings Inc (UAL) stock lately. UAL receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With UAL Stock Today?
United Airlines Holdings Inc (UAL) stock has risen 1.63% while the S&P 500 is lower by 0% as of 3:46 PM on Thursday, Aug 6. UAL is higher by $0.55 from the previous closing price of $33.73 on volume of 47,978,109 shares. Over the past year the S&P 500 is up 15.47% while UAL is lower by -59.89%. UAL lost -$6.13 per share in the over the last 12 months.
To see the top 5 stocks in the Airlines industry click here.
More About United Airlines Holdings Inc
United Airlines operates more than 4,500 flights a day to five continents. United's hubs include San Francisco, Chicago, Houston, Denver, Los Angeles, New York/Newark, and Washington, D.C. United operates more than 740 mainline aircraft. The airline is a member of the Star Alliance, which provides service to 192 countries via member airlines. In 2019, the carrier posted $43.2 billion in revenue, of which $39.6 billion was passenger revenue.
