Delta Air Lines, Inc’s recent filing unveils that its EVP & Chief Info Officer Samant Rahul D unloaded Company’s shares for reported $1.16 million on Nov 07 ’24. In the deal valued at $62.13 per share,18,600 shares were sold. As a result of this transaction, Samant Rahul D now holds 45,563 shares worth roughly $2.9 million.
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Then, Ausband Allison C sold 7,510 shares, generating $470,306 in total proceeds. Upon selling the shares at $62.62, the EVP & Chief Cust Exper Officer now owns 58,897 shares.
Before that, HAUENSTEIN GLEN W sold 40,000 shares. Delta Air Lines, Inc shares valued at $2,502,360 were divested by the President at a price of $62.56 per share. As a result of the transaction, HAUENSTEIN GLEN W now holds 102,584 shares, worth roughly $6.52 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 Monday, Delta Air Lines, Inc [NYSE:DAL] saw its stock jump 4.11% to $63.56. Over the last five days, the stock has gained 11.72%. Delta Air Lines, Inc shares have risen nearly 57.99% since the year began. Nevertheless, the stocks have risen 89.84% over the past one year. While a 52-week high of $62.66 was reached on 11/11/24, a 52-week low of $33.31 was recorded on 01/16/24. SMA at 50 days reached $51.29, while 200 days put it at $46.91.
Levels Of Support And Resistance For DAL Stock
The 24-hour chart illustrates a support level at 61.65, which if violated will result in even more drops to 59.74. On the upside, there is a resistance level at 64.65. A further resistance level may holdings at 65.75. The Relative Strength Index (RSI) on the 14-day chart is 71.82, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.62, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.76%. Stochastics %K at 84.52% indicates the stock is a selling.
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.
