Delta Air Lines, Inc. (NYSE:DAL) recovered 40.11% of its value since hitting low of $45.08. The recent move of 2.37% gain helped the stock to close at $63.16 when trading ended on 7/16/2019. At a recent session, the prices were hovering between $61.72 and $63.255. This company shares are 7.93% off its target price of $68.17 and the current market capitalization stands at $42B. The recent change has given its price a 12.51% lead over SMA 50 and 1.2% lead over its 52-week high. The stock witnessed 12.81% gains, 9.94% gains and 32.27% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found DAL’s volatility during a week at 2.35% and during a month it has been found around 1.86%.
What Does Delta Air Lines, Inc. (DAL) Do?
The company describes itself in regulatory filings as, “Delta Air Lines, Inc. engages in the provision of scheduled air transportation for passengers and cargo. It operates through the following segments: Airline, Refinery. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products. The company was founded by Collett Everman Woolman in 1928 and is headquartered in Atlanta, GA.” [Text can be found here: https://www.marketwatch.com/investing/stock/DAL/profile under company description.]Delta Air Lines, Inc. (NYSE:DAL) Insider Trades
Multiple company employees have indulged in significant insider trading. Delta Air Lines, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP, Finance & Controller Carroll William C has sold 6,384 shares of Delta Air Lines, Inc. (DAL) in the trading session dated Jul. 16, 2019. These shares are worth $395,553 and were traded at $61.96 each. The SEC filing shows that Sear Steven M performed a sale of 8,993 shares. The Pres. Int’l & EVP Global Sales disposed these shares by way of transaction on May. 29, 2019. The company’s shares were given away at $53.27 per share worth to an income of some $479,057 to the account of Sear Steven M.
Director, HUERTA MICHAEL P, sold 1,010 common shares of Delta Air Lines, Inc. (DAL) in the open market. In a transaction dated May. 24, 2019, the shares were put up for sale at an average price of $54.33, raking in a sum of $54,873. After this sale, 5,670 common shares of DAL are directly owned by the insider, with total stake valued at $358,117.
In the transaction dated Apr. 23, 2019, a great number of shares sold came courtesy the EVP and Chief Legal Officer; Carter Peter W disposed a total of 25,000 shares at an average price of $58.01, amounting to approximately $1,450,250. The insider now directly owns 85,295 shares worth $5,387,232.
Several analysts have released their opinion on Delta Air Lines, Inc. (NYSE:DAL), with 7 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 8 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.95 average brokerage recommendation [T1].