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 $1,080,150 were purchased by Smith Joanne D on Jan 14 ’25. At $66.20 per share, Smith Joanne D acquired 16,317 shares.
Also, Smith Joanne D sold 19,660 shares, netting a total of over 1,272,002 in proceeds. Following the sale of shares at $64.70 each, the insider now holds 85,123 shares.
Before that, Smith Joanne D had sold 4,207 shares from its account. In a trade valued at $255,390, the EVP & Chief People Officer traded Delta Air Lines, Inc shares for $60.71 each. Upon closing the transaction, the insider’s holdings decreased to 4,207 shares, worth approximately $6.93 million.
As published in a research note from TD Cowen on January 13, 2025, Delta Air Lines, Inc [DAL] has been retained to a Buy and the price target has been revised to $90. Earlier on November 12, 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 surge of approximately 7.75%. Over the course of the year, Delta Air Lines, Inc shares have jumped approximately 9.39%. Shares of the company reached a 52-week high of $68.99 on 01/10/25 and a 52-week low of $56.73 on 01/03/25. A 50-day SMA is recorded $62.57, while a 200-day SMA reached $51.43. Nevertheless, trading volume fell to 6.42 million shares from 8.81 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 65.20, which, if violated, would cause prices to drop to 64.23. In the upper region, resistance lies at 66.79. The next price resistance is at 67.41. RSI (Relative Strength Index) is 62.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.45, which suggests the price will increase in the coming days. Percent R is at 22.92%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
