Delta Air Lines, Inc’s filing revealed that its EVP – Global Sales & Distrib Sear Steven M unloaded Company’s shares for reported $0.6 million on Nov 01 ’24. In the deal valued at $58.72 per share,10,279 shares were sold. As a result of this transaction, Sear Steven M now holds 78,459 shares worth roughly $4.46 million.
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Then, HAUENSTEIN GLEN W sold 75,000 shares, generating $4,372,425 in total proceeds. Upon selling the shares at $58.30, the President now owns 142,584 shares.
Before that, Sear Steven M bought 10,279 shares. Delta Air Lines, Inc shares valued at $603,541 were divested by the Officer at a price of $58.72 per share.
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 Monday, Delta Air Lines, Inc [NYSE:DAL] saw its stock fall -2.57% to $56.89. Over the last five days, the stock has gained 2.73%. Delta Air Lines, Inc shares have risen nearly 41.41% since the year began. Nevertheless, the stocks have risen 77.67% over the past one year. While a 52-week high of $59.19 was reached on 11/01/24, a 52-week low of $31.57 was recorded on 01/16/24. SMA at 50 days reached $49.30, while 200 days put it at $46.34.
Levels Of Support And Resistance For DAL Stock
The 24-hour chart illustrates a support level at 56.43, which if violated will result in even more drops to 55.96. On the upside, there is a resistance level at 57.74. A further resistance level may holdings at 58.58. The Relative Strength Index (RSI) on the 14-day chart is 62.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 38.37%. Stochastics %K at 75.44% 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 2024-10-15, dropping by -3.35 million shares to a total of 28.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 32.04 million shares. There was a decline of -11.66%, which implies that there is a negative sentiment for the stock.
