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.
JP Morgan actually said something positive about United and that started the lift....BK was not likely and cash was better than previously forcasted or projected....Nothing like beating a company down with hype to get the stock price low then annnounce that they changed their predictions....hope you bought at $3.50 like I did.