The CEO of United Continental is Exercising Options

Today it was reported that the CEO of United Continental (UALResearch Report), Oscar Munoz, exercised options to buy 7,875 UAL shares at $8.79 a share, for a total transaction value of $69.22K.

Following Oscar Munoz’s last UAL Buy transaction on May 10, 2018, the stock climbed by 16.4%. Following this transaction Oscar Munoz’s holding in the company was increased by 3.86% to a total of $17.46 million.

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Based on United Continental’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $10.49 billion and quarterly net profit of $462 million. In comparison, last year the company earned revenue of $9.44 billion and had a net profit of $580 million. UAL’s market cap is $22.3B and the company has a P/E ratio of 10.63. Currently, United Continental has an average volume of 2.32M.

Based on 9 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $101.57, reflecting a 23.3% upside. Seven different firms, including Argus Research and Merrill Lynch, currently also have a Buy rating on the stock.

The insider sentiment on United Continental has been positive according to 25 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Oscar Munoz’s trades have generated a 3.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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United Continental Holdings, Inc. engages in the operation of its wholly-owned subsidiary United Airlines, Inc, which offers satellite based Wi-Fi, including on long-haul overseas routes. It operates through the following geographical segments: Domestic (U.S. and Canada); Pacific; Atlantic; and Latin America.