UAL is trading at $110.51 (-3.08%) as of 9:35 AM EST, reversing the previous day's 4.33% surge to $114.02 as investors lock in profits following a volatile session.
- The decline follows a period of heightened geopolitical tension regarding the Strait of Hormuz; while diplomatic progress in Geneva eased energy price concerns, the stock is seeing a pullback after yesterday's sharp recovery rally.
- The downward move appears to be sector-specific rather than a result of broader market sentiment, as the S&P 500 and Nasdaq remain modestly positive, up 0.18% and 0.26% respectively.