Delta Air Lines (NYSE:DAL) has tumbled 9.59% during the past week and has dropped 11.81% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 8.5%. Delta Air Lines (NYSE:DAL) has underperformed the index by 12.61% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Delta Air Lines (NYSE:DAL): The stock opened at $37.94 on Friday but the bulls could not build on the opening and the stock topped out at $38.24 for the day. The stock traded down to $37.68 during the day, due to lack of any buying support eventually closed down at $38.01 with a loss of -0.03% for the day. The stock had closed at $38.02 on the previous day. The total traded volume was 11,157,832 shares.
The company shares have dropped -11.46% from its 1 Year high price. On Dec 17, 2015, the shares registered one year high at $52.77 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $42.01 and the 200 Day Moving Average price is recorded at $46.05.
On the companys insider trading activities,The officer (Sr. EVP & COO) of Delta Air Lines Inc /De/, West W Gilbert sold 12,000 shares at $44 on May 18, 2016. The Insider selling transaction had a total value worth of $528,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Morgan Stanley maintains its outlook on Delta Air Lines (NYSE:DAL). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm lowers the price target from $65 per share to $59 per share. The rating by the firm was issued on April 28, 2016. Currently the company Insiders own 0.88% of Delta Air Lines shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -28.21% . Institutional Investors own 86.17% of Delta Air Lines shares. During last six month period, the net percent change held by insiders has seen a change of -25.45%.
Delta Air Lines, Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Companys route network is centered on a system of hub and international gateway airports that it operates in Amsterdam, Atlanta, Detroit, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita. The Companys segments include its Airline segment and Refinery segment. The Companys Airline segment provides scheduled air transportation for passengers and cargo and other ancillary airline services, including maintenance and repair services for third-parties. Its Refinery segment provides jet fuel to the airline segment from its own production and through jet fuel obtained through agreements with third-parties.