Previous Close | 12.03 |
Open | 12.19 |
Bid | 12.74 x 500 |
Ask | 12.80 x 2000 |
Day's Range | 12.14 - 12.92 |
52 Week Range | 9.07 - 16.15 |
Volume | |
Avg. Volume | 36,344,441 |
Market Cap | 8.465B |
Beta (5Y Monthly) | 1.44 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.18 |
Earnings Date | Oct 24, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Feb 04, 2020 |
1y Target Est | 11.86 |
United Airlines (UAL) leads the pack for airline stocks, taking off and cruising at an altitude of 9% higher Wednesday morning. The operator reported a third quarter earnings beat alongside a $1.5 billion share buyback plan. American Airlines (AAL), Southwest Airlines (LUV), and Delta Air Lines (DAL) are also trading in positive territory. On Catalysts, Seana Smith and Brad Smith give an overview of the airline industry as stocks push higher amid this earnings season. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.
The daily gain, which made United the top performer in the S&P 500, came after the airline reported a better-than-expected quarterly profit and said a glut of cheap flights had subsided. United also said it would buy back $1.5 billion in shares. Delta Air Lines, which issued its quarterly report last week, and American Airlines, due to report next week, joined the rally, climbing 6.8% and 7.1% respectively.