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Positives for Delta Air Lines, Inc. (DAL) as stock gains in recent trading

Delta Air Lines, Inc. (NYSE: DAL) is 16.55% higher on its value in year-to-date trading and has touched a low of $30.60 and a high of $53.86 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DAL stock was last observed hovering at around $46.35 in the last trading session, with the day’s gains setting it 0.54%.

Currently trading at $46.89, the stock is -3.70% and -6.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.36 million and changing 1.17% at the moment leaves the stock 10.66% off its SMA200. DAL registered -2.07% loss for a year compared to 6-month gain of 15.66%.

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The stock witnessed a -7.02% loss in the last 1 month and extending the period to 3 months gives it a -0.26%, and is -0.06% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.11% over the week and 2.25% over the month.

Delta Air Lines, Inc. (DAL) has around 100000 employees, a market worth around $30.26B and $59.04B in sales. Current P/E ratio is 6.02 and Fwd P/E is 6.19. Profit margin for the company is 8.48%. Distance from 52-week low is 53.24% and -12.94% from its 52-week high. The company has generated returns on investments over the last 12 months (14.77%).

The EPS is expected to grow by 5.40% this year.

Delta Air Lines, Inc. (DAL) Top Institutional Holders

The shares outstanding are 643.45M, and float is at 642.95M with Short Float at 3.97%.

Delta Air Lines, Inc. (DAL) Insider Activity

The most recent transaction is an insider sale by Smith Joanne D,the company’sEVP & Chief People Officer. SEC filings show that Smith Joanne D sold 4,846 shares of the company’s common stock on May 08 ’24 at a price of $52.30 per share for a total of $0.25 million. Following the sale, the insider now owns 0.11 million shares.

Delta Air Lines, Inc. disclosed in a document filed with the SEC on May 01 ’24 that Chiang Willie CW (Director) bought a total of 10,000 shares of the company’s common stock. The trade occurred on May 01 ’24 and was made at $49.50 per share for $0.49 million. Following the transaction, the insider now directly holds 10000.0 shares of the DAL stock.

Still, SEC filings show that on Apr 29 ’24, Carter Peter W (EVP – External Affairs) disposed off 50,000 shares at an average price of $50.00 for $2.5 million. The insider now directly holds 143,328 shares of Delta Air Lines, Inc. (DAL).

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