Originally Posted by
UAL T38 Phlyer
Has anyone else noticed? In the last 3 months, UAL stock price has almost quadrupled.
The question is: Why?
The biggest announcement in the last two weeks is that former FAA Administrator Jane Garvey is joining the Board of Directors.
I take it as a positive sign (stock price; ambivalent on Garvey), but I can't see any reason to support the rise.
You have to wonder how much the rumors of UAL/CAL merger in the fall has influenced it. The other reason could be the ol' short squeeze rationale. There are 31M shares shorted and the shorts are getting their a$$es handed to them. Having to buy shares to cover but at a premium. Just my dos centavos