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UAL - Is United Airlines Stock a Buy?

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  • October, 27 2024 03:02 PM
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2024-10-27 15:02:00 ET

Shares of United Airlines (NASDAQ: UAL) surged to their highest level since early 2020 following the company's latest quarterly update in mid-October. The global carrier beat its own bottom-line expectations, with management citing strong demand during a "prosperous" summer flying season.

Shareholders have a lot to be cheering about, with the stock up 110% over the past year. On the other hand, investors sitting at the gate may be wondering if it's too late to board this jumbo jet.

Can the rally in United Airlines stock can keep going?

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