© Reuters. United Airlines (UAL) Director Shapiro buys $1 million in stock amid sell-off
United Airlines (UAL) Director, Edward Shapiro, bought 25,000 shares on 03/15/23 at $42.5859, bringing his stake to 200,000 shares.
The value of the purchase was $1,064,647.50.
Shares of UAL have been under pressure recently after lowering its outlook. The carrier now expects to report an adjusted loss per share of $0.60-1.00, a significant negative revision relative to the prior outlook that called for a profit of $0.50-1.00. Analysts were expecting a profit per share of $0.63.
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