Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Delta Air Lines, Inc. shares valued at $1,076,978 were sold by BELLEMARE ALAIN on Oct 17 ’24. At $55.26 per share, BELLEMARE ALAIN sold 19,490 shares. The insider’s holdings dropped to 121,961 shares worth approximately $6.68 million following the completion of this transaction.
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Also, Samant Rahul D sold 10,000 shares, netting a total of over 554,800 in proceeds. Following the sale of shares at $55.48 each, the insider now holds 74,163 shares.
Before that, Carter Peter W had sold 18,100 shares from its account. In a trade valued at $1,009,618, the EVP – External Affairs traded Delta Air Lines, Inc. shares for $55.78 each. Upon closing the transaction, the insider’s holdings decreased to 18,100 shares, worth approximately $6.86 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 -0.89%. Over the course of the year, Delta Air Lines, Inc. shares have jumped approximately 36.14%. 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 $47.00, while a 200-day SMA reached $45.72. Nevertheless, trading volume fell to 5.68 million shares from 6.62 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 54.00, which, if violated, would cause prices to drop to 53.24. In the upper region, resistance lies at 55.65. The next price resistance is at 56.53. RSI (Relative Strength Index) is 66.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.51, which suggests the price will increase in the coming days. Percent R is at 22.61%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
