Sierra Summit Advisors LLC reduced its stake in United Airlines Holdings Inc (UAL) by 9.3% in Q3, now holding 96,053 shares valued at $9.27 million. This comes as UAL’s stock has faced an 8.7% decline due to rising crude oil and jet-fuel costs, coinciding with notable insider selling by President Brett J. Hart and CEO J. Scott Kirby. Despite this, United Airlines beat Q4 earnings estimates and analysts largely maintain a “Moderate Buy” rating with a consensus target price of $137.32.
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Sierra Summit Advisors LLC Trims Position in United Airlines Holdings Inc $UAL
Sierra Summit Advisors LLC reduced its stake in United Airlines Holdings Inc (UAL) by 9.3% in Q3, now holding 96,053 shares valued at $9.27 million. This comes as UAL’s stock has faced an 8.7% decline due to rising crude oil and jet-fuel costs, coinciding with notable insider selling by President Brett J. Hart and CEO J. Scott Kirby. Despite this, United Airlines beat Q4 earnings estimates and analysts largely maintain a “Moderate Buy” rating with a consensus target price of $137.32.