United Airlines stock (NASDAQ: UAL) recently reported its Q3 results, with revenues aligning and earnings exceeding our estimates.

On the back of a strong quarterly earnings report and a subsequent clutch of analyst price target raises, the company's shares experienced quite a lift. According to data compiled by S&P Global Market Intelligence, they were up by almost 19% in value week to date as of Friday prior to market open.

United Airlines shares soared on Wednesday. The company's stock price moved 12% higher to $72.02, its highest close since the pandemic-induced selloff of February 2020. The daily gain, which made United the top performer in the S&P 500,

United Airlines announced a $1.5 billion stock buyback plan, underscoring a seeming return to an investor focus that had diminished in the pandemic.