Airline Stocks Bucking The Trend (UAUA, CAL, AMR)

Shares of the Airline companies rose on Monday and bucking the wider market downtrend. Following are some of the top stock gainers:-

UAL Corporation (NASDAQ:UAUA) is the most active stock and climbed 2.44% to $20.95 on over 2.50 million shares. The stock had an intraday high of $21.56 earlier in the session.

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The company managed to secure DOJ approval despite the dominance that this merger will give the company over its competitors and over its customers.  Shares are likely to trade up marginally for Continental and UAL, although despite this merger being bad for America it was always expected to receive approval.

UAL Corporation (UAL) is a holding company engaged in airline-related activities. The Company’s principal operating subsidiary is United Air Lines, Inc. (United).

AMR Corporation (NYSE:AMR) is the biggest percentage gainer and climbed 4.14% to $6.29 on very high volume.

There are some rumors in the market that the company may attract an investment from a large sovereign wealth fund.

AMR Corporation, incorporated in October 1982, operates in the airline industry. The company's principal subsidiary is American Airlines, Inc. As of December 31, 2009, American provided scheduled jet service to approximately 160 destinations throughout North America, the Caribbean, Latin America, Europe and Asia.

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Continental Airlines, Inc. (NYSE:CAL) shares surged 1.61% to $22.15 on high volume of 1.62 million shares. The stock has gained over 23% year to date. The stock has a 52-week high and low of $10.94-$25.99 respectively.

The median Wall Street price target on the stock is $34 and the high target is set at $38 with majority of analysts have a Buy rating on the company’s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $23.29 and $21.95 respectively.

Continental Airlines, Inc. (Continental) is a United States air carrier engaged in the business of transporting passengers, cargo and mail. The Company has two segments: mainline and regional.

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