United Airlines’ stock price falls 3% in early trading on Wall Street wiping $800MILLION off the company’s value after violent eviction of passenger

Tuesday, April 11, 2017
By Paul Martin

Investors on Wall Street not feeling bullish about United after its PR debacle
Airline forcibly removed passenger Sunday and footage of it went viral
In premarket trading, airline stock fell 2.4 per cent
After opening bell, shares of United fell over 3 per cent

11 April 2017

Investors on Wall Street appear to be ready to jump ship from United Airlines in the wake of the public relations debacle triggered by the forced removal of a passenger on Sunday.

Shares of United Continental Holdings Inc. fell over 3 per cent in early trading on Wall Street, wiping $800million off the company’s value.

In premarket trading on Tuesday, the share price dropped by 2.4 per cent, according to MarketWatch.

Investors currently peg United’s market capitalization at $22.5billion.

The 2.4 per cent drop is an improvement over the 6-per cent drop in share price that had been reported in premarket trading hours earlier.

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