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DAL stock rated a Buy by UBS

In a filing, Delta Air Lines, Inc. revealed its EVP & Chief People Officer Smith Joanne D unloaded Company’s shares for reported $0.25 million on May 08 ’24. In the deal valued at $52.30 per share,4,846 shares were sold. As a result of this transaction, Smith Joanne D now holds 112,421 shares worth roughly $5.96 million.

Then, Chiang Willie CW bought 10,000 shares, generating $494,955 in total proceeds. Upon buying the shares at $49.50, the Director now owns 10,000 shares.

Before that, Carter Peter W sold 50,000 shares. Delta Air Lines, Inc. shares valued at $2,500,000 were divested by the EVP – External Affairs at a price of $50.00 per share. As a result of the transaction, Carter Peter W now holds 143,328 shares, worth roughly $7.59 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 0.74% to $52.99. Over the last five days, the stock has gained 0.11%. Delta Air Lines, Inc. shares have risen nearly 31.72% since the year began. Nevertheless, the stocks have risen 59.51% over the past one year. While a 52-week high of $53.15 was reached on 05/13/24, a 52-week low of $30.60 was recorded on 01/16/24. SMA at 50 days reached $47.13, while 200 days put it at $41.02. A total of 7.08 million shares were traded, compared to the trading of 6.12 million shares in the previous session.

Levels Of Support And Resistance For DAL Stock

The 24-hour chart illustrates a support level at 52.57, which if violated will result in even more drops to 52.16. On the upside, there is a resistance level at 53.63. A further resistance level may holdings at 54.28. The Relative Strength Index (RSI) on the 14-day chart is 71.09, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.45%. Stochastics %K at 91.57% indicates the stock is a selling.

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