Bearish mood pushes United Airlines to session low of $46.93

Published: May 26 2023, 21:31 GMT+0

Bearish mood pushes United Airlines to session low of $46.93

Today at a glance: grinding lower but with no clear-cut direction, the major US airline closed the session at $47.26 after forming a distinct $46.93 – $48.18 range.

  • The day's trading volume totalled 4.39 million shares — slightly under the 21-day average of 6.59 million.

With around 3 days until market open on the NASDAQ, today's session saw to it that S&P 500 climbed 1.3% and reached 4,205.45. United ended the day at $47.26, doing worse than the Industrials sector which saw a 0.24% increase this session.

Having soared to a high of $54.26 approximately 2 months ago, the airline holding company is now trading 12.5% lower. So far this year, it has performed better than the S&P 500 by 18.74%. Currently, the major US airline has a market capitalization of $15.50 billion with an average daily trading volume of 6.59 million shares. United last reported revenue of $11.43 billion with an EPS of $-4.24.

On the other hand, positive performances could be seen by looking at other industrials stocks as Lockheed Martin was up 1.27%. Boeing added 1.37% to its value, and traded at $203.63. General Electric was up 1.2%.