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UBS initates Delta Air Lines, Inc. (DAL) rating to a Buy


In a filing, Delta Air Lines, Inc. revealed its EVP – Global Sales Sear Steven M unloaded Company’s shares for reported $0.76 million on Apr 24 ’24. In the deal valued at $47.90 per share,15,806 shares were sold. As a result of this transaction, Sear Steven M now holds 88,738 shares worth roughly $4.48 million.

Then, BELLEMARE ALAIN sold 24,073 shares, generating $1,176,183 in total proceeds. Upon selling the shares at $48.86, the EVP & Pres. – International now owns 141,451 shares.

Before that, HAUENSTEIN GLEN W sold 100,000 shares. Delta Air Lines, Inc. shares valued at $4,904,600 were divested by the President at a price of $49.05 per share. As a result of the transaction, HAUENSTEIN GLEN W now holds 217,584 shares, worth roughly $10.98 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 jump 1.06% to $50.45. Over the last five days, the stock has gained 2.92%. Delta Air Lines, Inc. shares have risen nearly 25.40% since the year began. Nevertheless, the stocks have risen 51.37% over the past one year. While a 52-week high of $50.24 was reached on 04/29/24, a 52-week low of $30.60 was recorded on 01/16/24. SMA at 50 days reached $45.08, while 200 days put it at $40.80. A total of 9.92 million shares were traded, compared to the trading of 9.98 million shares in the previous session.

Levels Of Support And Resistance For DAL Stock

The 24-hour chart illustrates a support level at 49.89, which if violated will result in even more drops to 49.32. On the upside, there is a resistance level at 50.88. A further resistance level may holdings at 51.30. The Relative Strength Index (RSI) on the 14-day chart is 67.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.69%. Stochastics %K at 95.36% indicates the stock is a selling.

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