Wednesday, April 12, 2017

United’s Stock Falls 1.1%, Wipes Out $255 Million Off the Airline’s Market Cap

By Market Watch, April 12, 2017

Shares in United Continental Holdings Inc. on Tuesday came off their worst levels, but ended 1.1% lower as the airline continued to draw flak for having a passenger forcibly dragged off a plane Sunday.

United UAL, -1.10%  wiped about $255 million off its market capitalization in Tuesday’s session, leaving it with a market cap of around $22.25 billion, according to FactSet data.

The company’s stock has lost 0.2% for the week, compared with the S&P 500 SPX, -0.38% — the broad U.S. stock benchmark — declining less than 0.1% for the week.

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