A company insider recently sold 47,500 shares of Delta Air Lines Inc. [DAL]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Delta Air Lines Inc. shares valued at $1,499,908 were sold by Bastian Edward H on Aug 31. At $31.58 per share, Bastian Edward H sold 47,500 shares. The insider’s holdings dropped to 399,212 shares worth approximately $11.96 million following the completion of this transaction.


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Also, Taylor David S purchased 10,000 shares, netting a total of over 293,100 in proceeds. Following the buying of shares at $29.31 each, the insider now holds 43,010 shares.

Before that, Smith Joanne D had sold 7,704 shares from its account. In a trade valued at $319,562, the EVP & Chief People Officer traded Delta Air Lines Inc. shares for $41.48 each. Upon closing the transaction, the insider’s holdings decreased to 7,704 shares, worth approximately $3.39 million.

As published in a research note from Argus on July 15, 2022, Delta Air Lines Inc. [DAL] has been rated down from a Buy to a Hold. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid April. As of April 14, 2022, Barclays has increased its “an Equal weight” rating to a “an Overweight” for DAL.

Analyzing DAL’s Price Performance

On Thursday, Delta Air Lines Inc. [NYSE: DAL] plunged -3.85% to $29.96. The stock’s lowest price that day was $29.725, but it reached a high of $31.20 in the same session. During the last five days, there has been a drop of approximately -9.98%. Over the course of the year, Delta Air Lines Inc. shares have dropped approximately -23.34%. Shares of the company reached a 52-week high of $46.27 on 04/21/22 and a 52-week low of $28.09 on 06/30/22. A 50-day SMA is recorded $32.45, while a 200-day SMA reached $36.62. Nevertheless, trading volume fell to 11.09 million shares from 13.7 million shares the previous day.

Support And Resistance Levels for Delta Air Lines Inc. (DAL)

According to the 24-hour chart, there is a support level at 29.39, which, if violated, would cause prices to drop to 28.82. In the upper region, resistance lies at 30.86. The next price resistance is at 31.77. RSI (Relative Strength Index) is 38.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.77, which suggests the price will decrease in the coming days. Percent R is at 94.15%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Delta Air Lines Inc. subject to short interest?

Stocks of Delta Air Lines Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.92 million shares to 22.33 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 21.41 million shares. A jump of 4.12% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.33 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.33.

Which companies own the most shares of Delta Air Lines Inc. (DAL)?

According to The Vanguard Group, Inc. filings, the company currently owns 67,526,529 shares, which is about 10.53% of the total DAL shares outstanding. The investor’s shares have appreciated by 1,196,149 from its previous 13-F filing of 66330380.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $915,028,775. Capital Research & Management Co acquire a 0.29% interest valued at $688.02 million while PRIMECAP Management Co. purchased a 2,203,318 stake. A total of -644,538 shares of Delta Air Lines Inc. were bought by SSgA Funds Management, Inc. during the quarter, and -571,423 were sold by Fidelity Management & Research Co. In its current portfolio, Geode Capital Management LLC holds 12,137,252 shares valued at $377.1 million.

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