United Airlines Stock Is Flying Higher as Strait of Hormuz Opening Promises to Lower Jet Fuel Prices. Should You Buy It Here?
United Airlines (UAL) stock closed significantly in the green on April 17 after Iran’s foreign minister declared the Strait of Hormuz fully open to commercial vessel traffic for the duration of the Lebanon ceasefire. The announcement triggered an immediate collapse in crude oil (CBM26) prices into the 80s. More News from Barchart This helped the airline stock push past its major moving averages (50-day and 200-day), indicating a bullish reversal. Still, United Airlines shares remain down over 13% versus ...