The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Delta Air Lines, Inc shares valued at $1,272,002 were purchased by Smith Joanne D on Nov 21 ’24. At $64.70 per share, Smith Joanne D acquired 19,660 shares.
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Also, Carroll William C sold 21,530 shares, netting a total of over 1,305,256 in proceeds. Following the sale of shares at $60.62 each, the insider now holds 19,756 shares.
Before that, Samant Rahul D had sold 18,600 shares from its account. In a trade valued at $1,155,711, the EVP & Chief Info Officer traded Delta Air Lines, Inc shares for $62.13 each. Upon closing the transaction, the insider’s holdings decreased to 18,600 shares, worth approximately $2.89 million.
Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in mid November. As of July 17, 2024, TD Cowen has reiterated its “Buy” rating for DAL. Earlier on July 02, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for DAL stock.
Analyzing DAL Stock Performance
During the last five days, there has been a drop of approximately -2.33%. Over the course of the year, Delta Air Lines, Inc shares have jumped approximately 57.44%. Shares of the company reached a 52-week high of $66.25 on 11/14/24 and a 52-week low of $36.34 on 01/16/24. A 50-day SMA is recorded $54.65, while a 200-day SMA reached $47.88. Nevertheless, trading volume fell to 9.92 million shares from 10.92 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 62.74, which, if violated, would cause prices to drop to 62.13. In the upper region, resistance lies at 64.50. The next price resistance is at 65.65. RSI (Relative Strength Index) is 63.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.41, which suggests the price will increase in the coming days. Percent R is at 30.83%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
