In a filing, Delta Air Lines, Inc revealed its EVP & Chief People Officer Smith Joanne D unloaded Company’s shares for reported $1.27 million on Nov 21 ’24. In the deal valued at $64.70 per share,19,660 shares were sold. As a result of this transaction, Smith Joanne D now holds 85,123 shares worth roughly $5.49 million.
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Then, Smith Joanne D sold 4,207 shares, generating $255,390 in total proceeds. Upon selling the shares at $60.71, the EVP & Chief People Officer now owns 104,783 shares.
Before that, Smith Joanne D bought 19,660 shares. Delta Air Lines, Inc shares valued at $1,272,002 were divested by the Officer at a price of $64.70 per share.
A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid November has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering DAL and reiterated its “Buy” recommendation on July 17, 2024. TD Cowen maintained its rating on July 02, 2024. It rated DAL as “a Buy”.
Price Performance Review of DAL
On Monday, Delta Air Lines, Inc [NYSE:DAL] saw its stock jump 1.82% to $64.49. Over the last five days, the stock has gained 1.98%. Delta Air Lines, Inc shares have risen nearly 60.30% since the year began. Nevertheless, the stocks have risen 78.64% over the past one year. While a 52-week high of $66.25 was reached on 11/14/24, a 52-week low of $35.46 was recorded on 01/16/24. SMA at 50 days reached $55.39, while 200 days put it at $48.11.
Levels Of Support And Resistance For DAL Stock
The 24-hour chart illustrates a support level at 63.91, which if violated will result in even more drops to 63.34. On the upside, there is a resistance level at 65.12. A further resistance level may holdings at 65.76. The Relative Strength Index (RSI) on the 14-day chart is 66.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.73%. Stochastics %K at 69.24% 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 2024-10-31, dropping by -2.4 million shares to a total of 30.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 32.9 million shares. There was a decline of -7.88%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 20, 2024 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $59 price target.
