In a filing, Delta Air Lines, Inc. revealed its Director Chiang Willie CW acquired Company’s shares for reported $0.44 million on Jul 12 ’24. In the deal valued at $43.90 per share,10,000 shares were bought. As a result of this transaction, Chiang Willie CW now holds 20,000 shares worth roughly $0.85 million.
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Then, Smith Joanne D sold 4,846 shares, generating $253,422 in total proceeds. Upon selling the shares at $52.30, the EVP & Chief People Officer now owns 112,421 shares.
Before that, Chiang Willie CW bought 10,000 shares. Delta Air Lines, Inc. shares valued at $494,955 were divested by the Director at a price of $49.50 per share. As a result of the transaction, Chiang Willie CW now holds 10,000 shares, worth roughly $0.42 million.
TD Cowen reiterated its Delta Air Lines, Inc. [DAL] rating to a Buy in a research note published on July 17, 2024; the price target was $59. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early July has reiterated a ‘”a Buy”‘ rating for it. UBS began covering DAL with “Buy” recommendation on March 20, 2024. Evercore ISI revised its rating on March 07, 2023. It rated DAL as “an Outperform” which previously was an “an In-line”.
Price Performance Review of DAL
On Friday, Delta Air Lines, Inc. [NYSE:DAL] saw its stock jump 2.24% to $42.49. Over the last five days, the stock has gained 2.68%. Delta Air Lines, Inc. shares have risen nearly 5.62% since the year began. Nevertheless, the stocks have fallen -1.71% over the past one year. While a 52-week high of $53.86 was reached on 05/13/24, a 52-week low of $30.60 was recorded on 01/16/24. SMA at 50 days reached $43.20, while 200 days put it at $43.83.
Levels Of Support And Resistance For DAL Stock
The 24-hour chart illustrates a support level at 42.00, which if violated will result in even more drops to 41.50. On the upside, there is a resistance level at 42.80. A further resistance level may holdings at 43.11. The Relative Strength Index (RSI) on the 14-day chart is 56.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.09%. Stochastics %K at 79.68% indicates the stock is a holding.
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 2024-08-15, growing by 2.76 million shares to a total of 32.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 29.36 million shares. There was a rise of 8.59%, which implies that there is a positive sentiment for the stock.
