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Updated · MarketWatch · May 6United Airlines stock rises 6.80% and outperforms competitors
10 articles · Updated · MarketWatch · May 6
- Shares closed at $100.04 on Wednesday, beating Southwest, Delta and American Airlines as the S&P 500 gained 1.46% and the Dow rose 1.24%.
- The advance marked United's second straight daily gain, with trading volume of 8.7 million shares topping its 50-day average of 8.3 million.
- Despite the rally, the stock remains 16.08% below its 52-week high of $119.21 reached on 7 January.
United's stock is soaring, but its yearly forecast was cut. Is this a short-term gain before a long-term fall? With budget rival Spirit Airlines collapsing, will United's new market power mean the end of affordable air travel for Americans?