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United Continental (UAL) in Focus: Stock Moves 8.8% Higher

Zacks Equity Research
Updated

United Continental Holdings, Inc. UAL was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $68.88 to $74.42 in the past one-month time frame.

The move came after the company reported better than expected second-quarter 2018 results and an upbeat 2018 forecast.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

United Continental currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.  

United Continental Holdings, Inc. Price

United Continental Holdings, Inc. Price | United Continental Holdings, Inc. Quote

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A better-ranked stock in the Transportation sector is Air Transport Services Group, Inc. ATSG, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is UAL going up? Or down? Predict to see what others think: Up or Down

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United Continental Holdings, Inc. (UAL) : Free Stock Analysis Report
 
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Zacks Investment Research