The Sun-Sentinel newspaper mistakenly reported that United Airlines filed for Chapter 11 bankruptcy today which was then posted on Bloomberg news service. United Airlines stock share price fell 75% today in reponse, and only recovered after the company halted the stock, and company executives said the rumor was completely untrue. The newspaper was reporting a 6 year old story and stock market investors who were worried about the financial status of the airlines took the old news article to be current.
The horoscope of United Airlines stock/company can be analyzed by looking at the IPO date of the share offering. On Feburary 1, 2006, United Airlines emerged from Chapter 11 bankruptcy protection.
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