United Continental (UAL) CEO Smisek Shows Confidence, Buys $1M in Stock

August 13, 2012 7:09 AM EDT Send to a Friend
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United Continental Holdings (NYSE: UAL) looks stronger Monday following disclosure of an insider transaction by a key executive.

According to a Form 4 filed with the U.S. SEC, United Continental's CEO Jeffery Smisek purchased 55,600 shares of United Continental stock on August 9th. Average prices paid for the shares were $18.0011, bringing gross cost to just over $1 million.

Following the acquisition, Smisek holds 339,184 shares of United Continental stock.


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