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Stock impact report

United Airlines Seeks To Raise $1B With Massive Share Sale [Yahoo! Finance News]

United Airlines Holdings, Inc. (UAL) 
Last united airlines holdings, inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.united.com
United Airlines UALThe company has also granted to the underwriters a 30-day option to purchase up to 3,925,000 additional shares. According to the statement, the proceeds from the offering will be used for general corporate purposes. Subject to the satisfaction of customary conditions, the offering is expected to close on April 24, 2020.UAL stock, which dropped 1.7% in after-hours trading on Tuesday, is currently trading at $27.88. Share prices have plunged 68% year-to-date due to the fallout from the coronavirus pandemic.As a result, the average analyst price target of $69 now indicates upside potential of almost 150%. Indeed, TipRanks shows that in the last three months, UAL has received 6 buy ratings vs 8 hold ratings- giving it a Moderate Buy consensus. See UAL stock analysis on TipRanks“We are growing increasingly convinced that industry recovery to 2019 levels of output will be a multiyear affair, resulting in the material shedding of aircraft and head count along the way,” JP Show less Read more
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