How United Continental’s Stock Reacted to Its Guidance Update
United Continental (UAL) stock fell almost 4.1% after the change in its guidance. It has since recovered to $58.40, and losses have pared down to 0.97%. All other airlines have seen their stock prices rise in the same period.
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American Airlines (AAL) has risen 1.3%, JetBlue Airways (JBLU) has risen 1.4%, Alaska Air Group (ALK) has risen 2.5%, Spirit Airlines (SAVE) has risen 4.3%, Delta Air Lines (DAL) has risen 5.4%, and Southwest Airlines (LUV) has risen 5.7%.
Airlines, which were having a magnificent run until June, have slipped into the red zone. One exception to this fall is Southwest Airlines, which had risen 6.7% YTD (year-to-date) as of September 8, 2017.
Delta Air Lines had fallen 1.4%, American Airlines had fallen 4.3%, JetBlue Airways had fallen 14.3%, Alaska Air Group had fallen 15.2%, and United Continental had fallen 19.9%. Spirit Airlines was the biggest loser, falling 41.2%. The broader market, tracked by the SPDR S&P 500 Trust ETF (SPY) had gained 11.3% YTD as of September 5, 2017. The Dow Jones US Airlines Index (DJUSAR) had fallen 6.1%.