Ual stock price – united continental holdings inc. stock quote (u.s. nyse) – marketwatch wd gaster

Airline stocks fell Monday, as rising geopolitical tensions in the Middle East helped fuel a rise in oil prices. The selloff is weighing on the Dow Jones Transportation Average , which is down 11 points, or 0.1%, despite the Dow Jones Industrial Average was surging 133 points. The NYSE Arca Airline Index slumped 1.1%, while crude oil futures rose 0.5%, after running up 1.4% last week, and closing at a multi-year high on Thursday. Over the past three months, the correlation coefficient between the airline index and crude oil futures has been -0.87, where -1.00 would mean they always move opposite directions. "Margins remain under pressure as a result of rising jet fuel costs, non-fuel costs increases that are heavily weighted to the first half of the year, and only minimal success raising fares to offset rising costs," analyst Helane Becker at Cowen wrote in a note to clients. Among the more active airline stocks on Monday, those of Delta Air Lines Inc. slumped 0.7%, Southwest Airlines Co. slid 0.4%, American Airlines Group Inc. shed 0.5% and JetBlue Airways Corp. gave up 0.7%. Meanwhile, United Continental Holdings Inc.’s stock inched up 0.1%.

The Dow Jones Transportation Average shot up 209 points, or 2.0%, to 10,802 in midday trade Wednesday, fueled by the upbeat earnings reports from components air carrier United Continental Holdings Inc. and railroad operator CSX Corp. . The Dow transports are on track to end the day above the Feb. 26 close of 10,769.84, which was where the the index’s recovery initially peaked after the Feb. 9 closing low of 10,136.61. The Dow transports’ higher high would come just seven sessions after it closed at a lower low of 10,119.36 on April 9, which in effect triggered a "sell" signal from the century-old Dow Theory of market analysis. The Dow Theory states that downtrends are characterized by lower lows and lower highs, while uptrends have higher highs and higher lows. Meanwhile, the transports’ sister index, the Dow Jones Industrial Average was down 28 points at 24,759, and was still well below its Feb. 26 recovery high of 25,709.27. CSX’s stock shot up 6.6% and United Continental shares ran up 6.5%; combined, the price gains were adding about 49 points to the Dow transports’ price.

Shares of United Continental Holdings Inc. surged 3.2% in premarket trade Wednesday, in the wake of what could be the most cheered earnings report in over three years. The air carrier reported late Tuesday first-quarter profit and sales that beat expectations, provided upbeat guidance and said it bought back about 4% of its shares outstanding year to date. "We view the results, guidance and the 1Q buyback (share count down 10% [year-over-year]) as a strong statement to start the year," wrote Stifel Nicolaus analyst Joseph DeNardi in a note to clients. He reiterated his buy rating and $130 target on the stock. United’s shares had tumbled the day after the past four earnings reports by an average of 8.4%. The last time the stock rose over 3% the day after earnings were reported was Jan. 22, 2015, when it rallied 4.5% after fourth-quarter 2014 results. United’s stock has eased 0.1% year to date through Tuesday, while the NYSE Arca Airline Index has lost 2.7% and the S&P 500 has gained 1.2%.