The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Delta Air Lines, Inc. shares valued at $253,422 were sold by Smith Joanne D on May 08 ’24. At $52.30 per share, Smith Joanne D sold 4,846 shares. The insider’s holdings dropped to 112,421 shares worth approximately $5.93 million following the completion of this transaction.
Also, Chiang Willie CW purchased 10,000 shares, netting a total of over 494,955 in proceeds. Following the buying of shares at $49.50 each, the insider now holds 10,000 shares.
Before that, Carter Peter W had sold 50,000 shares from its account. In a trade valued at $2,500,000, the EVP – External Affairs traded Delta Air Lines, Inc. shares for $50.00 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $7.56 million.
As published in their initiating research note from UBS on March 20, 2024, Delta Air Lines, Inc. [DAL] has been a Buy and the price target has been revised to $59. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in early March. As of February 08, 2023, Redburn has increased its “Neutral” rating to a “Buy” for DAL. Earlier on January 05, 2023, Argus upgraded its rating. Their new recommendation was “a Buy” for DAL stock which previously was a “a Hold”.
Analyzing DAL Stock Performance
During the last five days, there has been a surge of approximately 3.37%. Over the course of the year, Delta Air Lines, Inc. shares have jumped approximately 31.12%. Shares of the company reached a 52-week high of $53.00 on 05/06/24 and a 52-week low of $36.34 on 01/16/24. A 50-day SMA is recorded $46.71, while a 200-day SMA reached $40.95. Nevertheless, trading volume fell to 4.6 million shares from 5.13 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 52.21, which, if violated, would cause prices to drop to 51.68. In the upper region, resistance lies at 53.09. The next price resistance is at 53.44. RSI (Relative Strength Index) is 70.91 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.75, which suggests the price will increase in the coming days. Percent R is at 4.08%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
