San Diego, CA 7/7/2009 12:04:52 AM
UAL Corp. (UAUA) Up on Lower Oil Pirces - Offers Hope to Airlines
UAL Corp. (UAUA) may have bounced off a three month low
UAL Corp. (UAUA) shares are up sharply today on lower oil prices, as are most airline stocks. An in-depth look at United Airlines and the opportunity it poses investors has been publicly posted. UAL Corp. (http://www.ual.com/) shares, trading on the NASDAQ in the $3.38 range have a 3-Month average daily trading volume of 8,579,170 shares and a current market cap of $486 million, which is uncanny relative to its $19 billion in trailing twelve month revenues.
Investors can read the entire UAL Corp. article and analysis, along with other trading commentary and market trend outlooks, by going to: www.smallcapnetwork.com/t/.
As of December 31, 2008, UAL Corporation operated 3,000 flights to approximately 200 destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago, and Washington, D.C. It also served approximately 900 destinations in 160 countries worldwide through its alliance with Star Alliance carriers. In the $3 range, UAUA is well below its 52-week high of $16.73 set on 11-02-09 and pennies above its 52-week low. It is currently below both its 50-day and 200-day moving average and its shares out versus float is near-parity.
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