UAL Gains 1.43% Amid Legal Scrutiny Trading Volume Drops 37.85% to 229th Rank

On August 18, 2025, United Airlines Holdings (UAL) closed at a 1.43% gain, with a trading volume of $0.40 billion, a 37.85% decline from the previous day, ranking 229th in market activity. The stock’s performance coincided with ongoing legal scrutiny targeting its board of directors. The Law Offices of Frank R. Cruz announced an investigation into potential fiduciary breaches and mismanagement allegations against United’s leadership. This follows a pattern of legal actions by the firm, which has recently pursued similar claims against other firms, though those cases are unrelated to United.

The investigation centers on whether United’s board acted against shareholders’ best interests, raising concerns about governance practices. While the firm emphasized its focus on investor rights, the broader implications for United remain uncertain. Shareholder engagement and regulatory developments could influence investor sentiment in the near term. However, the stock’s modest gain suggests limited immediate market reaction to the legal developments.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day resulted in a moderate return. The total profit from this strategy, considering the given time frame from 2022 to the present, is $2,340. The cumulative return reaches 23.4%. This indicates a positive performance, but the returns are not significantly high, suggesting a more conservative approach to trading volume-based strategies.