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 $1,076,976 were purchased by BELLEMARE ALAIN on Oct 17 ’24. At $55.26 per share, BELLEMARE ALAIN acquired 19,490 shares.
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Also, Samant Rahul D purchased 10,000 shares, netting a total of over 554,800 in proceeds.
Before that, Carter Peter W had added 18,100 shares to its account. In a trade valued at $1,009,613, the Officer bought Delta Air Lines, Inc. shares for $55.78 each.
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 surge of approximately 9.88%. Over the course of the year, Delta Air Lines, Inc. shares have jumped approximately 37.36%. Shares of the company reached a 52-week high of $56.48 on 10/16/24 and a 52-week low of $36.34 on 01/16/24. A 50-day SMA is recorded $45.42, while a 200-day SMA reached $45.35. Nevertheless, trading volume fell to 8.31 million shares from 18.96 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 54.86, which, if violated, would cause prices to drop to 54.47. In the upper region, resistance lies at 55.85. The next price resistance is at 56.45. RSI (Relative Strength Index) is 70.92 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.62, which suggests the price will increase in the coming days. Percent R is at 12.76%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
