Why These 5 Stocks Are Moving on Friday

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In this article, we take a look at five stocks that are moving on Thursday. If you want to read our detailed analysis of these stocks, go directly to Why These 10 Stocks Are Moving on Friday.

5. United Airlines Holdings, Inc. (NASDAQ:UAL) has slumped 6.6% after the company announced that it would stop the use of Russian airspace and is also looking into the possibility of canceling two routes between the US and India. Earlier this month, Russia announced that it had closed its airspace for 36 countries, including all the 27 EU members but did not mention United Airlines Holdings, Inc. (NASDAQ:UAL) in the list. On the other hand, the US has prohibited all Russian aircraft and airlines from entering its flying zone. Paul Reeder and Edward Shapiro’s PAR Capital Management is the leading investor in the company with a stake of around $149 million. Overall, 35 hedge funds had a stake in United Airlines Holdings, Inc. (NASDAQ:UAL) at the end of Q4 2021, up from 30 in the third quarter.

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