The Chicago-based carrier said it wasn't filing for bankruptcy and called the rumors "completely untrue."
According to a CNBC report, the rumors were sparked by a 4-year old news item regarding UAL and bankruptcy was republished on a news Web site.
Trade of UAL
(UAUA:
ual corp com new
Last: 11.29-1.01-8.22%
12:32pm 09/08/2008
Delayed quote data
Sponsored by:
UAUA 11.29,
-1.01,
-8.2%) stock was halted at about 11:06 a.m. ET when it struck a penny a share. Though trading is still halted, shares have since risen to $8.97 each.
UAL trades on NASDAQ, which in the past has erased trades under similar circumstances, said NASDAQ spokesman Wayne Lee.
Trades will be weighed on a case by case basis if the exchange deems it necessary, he said