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 $1,272,002 were sold by Smith Joanne D on Nov 21 ’24. At $64.70 per share, Smith Joanne D sold 19,660 shares. The insider’s holdings dropped to 85,123 shares worth approximately $5.14 million following the completion of this transaction.
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Also, Smith Joanne D sold 4,207 shares, netting a total of over 255,390 in proceeds. Following the sale of shares at $60.71 each, the insider now holds 104,783 shares.
Before that, Smith Joanne D had added 19,660 shares to its account. In a trade valued at $1,272,002, the Officer bought Delta Air Lines, Inc shares for $64.70 each.
As of November 12, 2024, TD Cowen has reiterated its “Buy” rating for DAL. Earlier on July 17, 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 -2.03%. Over the course of the year, Delta Air Lines, Inc shares have jumped approximately 50.09%. Shares of the company reached a 52-week high of $67.50 on 12/05/24 and a 52-week low of $36.34 on 01/16/24. A 50-day SMA is recorded $60.06, while a 200-day SMA reached $49.92. Nevertheless, trading volume fell to 9.39 million shares from 7.99 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 59.30, which, if violated, would cause prices to drop to 58.21. In the upper region, resistance lies at 61.04. The next price resistance is at 61.69. RSI (Relative Strength Index) is 45.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.36, which suggests the price will decrease in the coming days. Percent R is at 77.48%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
