Delta Air Lines, Inc.’s filing revealed that its Director Chiang Willie CW acquired Company’s shares for reported $0.49 million on May 01 ’24. In the deal valued at $49.50 per share,10,000 shares were bought. As a result of this transaction, Chiang Willie CW now holds 10,000 shares worth roughly $0.53 million.
Then, Carter Peter W sold 50,000 shares, generating $2,500,000 in total proceeds. Upon selling the shares at $50.00, the EVP – External Affairs now owns 143,328 shares.
Before that, Sear Steven M sold 15,806 shares. Delta Air Lines, Inc. shares valued at $757,028 were divested by the EVP – Global Sales at a price of $47.90 per share. As a result of the transaction, Sear Steven M now holds 88,738 shares, worth roughly $4.7 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 2.68% to $52.93. Over the last five days, the stock has gained 4.92%. Delta Air Lines, Inc. shares have risen nearly 31.57% since the year began. Nevertheless, the stocks have risen 60.01% over the past one year. While a 52-week high of $51.65 was reached on 05/06/24, a 52-week low of $30.60 was recorded on 01/16/24. SMA at 50 days reached $46.08, while 200 days put it at $40.88. A total of 8.53 million shares were traded, compared to the trading of 9.17 million shares in the previous session.
Levels Of Support And Resistance For DAL Stock
The 24-hour chart illustrates a support level at 52.07, which if violated will result in even more drops to 51.22. On the upside, there is a resistance level at 53.39. A further resistance level may holdings at 53.86. The Relative Strength Index (RSI) on the 14-day chart is 74.61, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.14%. Stochastics %K at 98.13% indicates the stock is a selling.
