Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Delta Air Lines, Inc. shares valued at $438,967 were purchased by Chiang Willie CW on Jul 12 ’24. At $43.90 per share, Chiang Willie CW acquired 10,000 shares. The insider’s holdings grew to 20,000 shares worth approximately $0.95 million following the completion of this transaction.
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Also, Smith Joanne D sold 4,846 shares, netting a total of over 253,422 in proceeds. Following the sale of shares at $52.30 each, the insider now holds 112,421 shares.
Before that, Chiang Willie CW had added 10,000 shares to its account. In a trade valued at $494,955, the Director bought Delta Air Lines, Inc. shares for $49.50 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.47 million.
As published in a research note from TD Cowen on July 17, 2024, Delta Air Lines, Inc. [DAL] has been retained to a Buy and the price target has been revised to $59. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in early July. As of March 20, 2024, UBS has initiated its “Buy” rating for DAL. Earlier on March 07, 2023, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for DAL stock which previously was a “an In-line”.
Analyzing DAL Stock Performance
During the last five days, there has been a drop of approximately -8.40%. Over the course of the year, Delta Air Lines, Inc. shares have jumped approximately 17.97%. Shares of the company reached a 52-week high of $53.86 on 05/13/24 and a 52-week low of $36.34 on 01/16/24. A 50-day SMA is recorded $43.27, while a 200-day SMA reached $44.80. Nevertheless, trading volume fell to 9.19 million shares from 8.14 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 46.74, which, if violated, would cause prices to drop to 46.02. In the upper region, resistance lies at 48.34. The next price resistance is at 49.22. RSI (Relative Strength Index) is 55.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.27, which suggests the price will decrease in the coming days. Percent R is at 67.52%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
