Netflix Sinks, United Airlines Surges, Strategy Gains
On this episode of Stock Movers: - United Airlines (UAL) shares are trading higher Friday afternoon after Iran said the Strait of Hormuz would remain open to commercial vessels during the ceasefire, a development that triggered a sharp collapse in crude and improved the cost outlook for global airlines. The S&P 1500 airlines group rises as much as 9.4%, the most intraday since April 8, after a deep slump caused by rising jet fuel prices. In single names: United +12%, Southwest +11%, American +9.3%, Delta +7.3% - Netflix (NFLX) shares are down 11% on Friday after the streaming company gave a…
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