Delta Air Lines, Inc.’s filing revealed that its EVP & Chief People Officer Smith Joanne D unloaded Company’s shares for reported $0.2 million on Feb 27 ’24. In the deal valued at $42.02 per share,4,876 shares were sold. As a result of this transaction, Smith Joanne D now holds 117,267 shares worth roughly $5.33 million.
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Then, Carroll William C sold 6,192 shares, generating $248,609 in total proceeds. Upon selling the shares at $40.15, the SVP, Fin & Controller now owns 9,806 shares.
Before that, Bastian Edward H sold 71,840 shares. Delta Air Lines, Inc. shares valued at $2,815,769 were divested by the Chief Executive Officer at a price of $39.20 per share. As a result of the transaction, Bastian Edward H now holds 428,768 shares, worth roughly $19.47 million.
UBS initiated its Delta Air Lines, Inc. [DAL] rating to a Buy in a research note published on March 20, 2024; the price target was $59. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in early March from “an In-line” to “an Outperform”. Redburn also remained covering DAL and has increased its forecast on February 08, 2023 with a “Buy” recommendation from previously “Neutral” rating. Argus revised its rating on January 05, 2023. It rated DAL as “a Buy” which previously was an “a Hold”.
Price Performance Review of DAL
On Monday, Delta Air Lines, Inc. [NYSE:DAL] saw its stock fall -0.37% to $45.42. Over the last five days, the stock has gained 4.56%. Delta Air Lines, Inc. shares have risen nearly 12.90% since the year began. Nevertheless, the stocks have risen 41.32% over the past one year. While a 52-week high of $49.81 was reached on 03/22/24, a 52-week low of $30.60 was recorded on 01/16/24. SMA at 50 days reached $41.08, while 200 days put it at $40.45. A total of 8.83 million shares were traded, compared to the trading of 6.67 million shares in the previous session.
Levels Of Support And Resistance For DAL Stock
The 24-hour chart illustrates a support level at 44.79, which if violated will result in even more drops to 44.17. On the upside, there is a resistance level at 45.81. A further resistance level may holdings at 46.21. The Relative Strength Index (RSI) on the 14-day chart is 68.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.95, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.08%. Stochastics %K at 90.55% indicates the stock is a selling.
How much short interest is there in Delta Air Lines, Inc.?
A steep rise in short interest was recorded in Delta Air Lines, Inc. stocks on Feb 29, 2024, dropping by -3.49 million shares to a total of 14.76 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 18.25 million shares. There was a decline of -23.64%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.59% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.84.
