Delta Air Lines Inc /de/ (DAL) Files Form 4 Insider Selling : Richard H Anderson Sells 190,881 Shares

Delta Air Lines Inc /de/ (DAL): Richard H Anderson , Exec. Chairman of the Board of Delta Air Lines Inc /de/ sold 190,881 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $42.47 per share for a total value of $8,106,258.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 5, 2016, Peter W Carter (EVP and Chief Legal Officer) purchased 2,500 shares at $41.42 per share price.On May 5, 2016, George N Mattson (director) purchased 5,000 shares at $41.39 per share price.Also, On Apr 20, 2016, Richard H Anderson (Chief Executive Officer) sold 126,390 shares at $46.98 per share price.On Apr 8, 2016, John S Brinzo (director) sold 2,480 shares at $46.94 per share price.

Delta Air Lines: On Friday, May 6, 2016 heightened volatility was witnessed in Delta Air Lines which led to swings in the share price. The shares opened for trading at $41.61 and hit $42.26 on the upside , eventually ending the session at $42.04, with a gain of 0.69% or 0.29 points. The heightened volatility saw the trading volume jump to 1,07,77,155 shares. The 52-week high of the share price is $52.77 and the company has a market cap of $32,437 M . The 52-week low of the share price is at $34.61.

Delta Air Lines Money Flow Index Chart

Company has been under the radar of several Street Analysts.Delta Air Lines is Downgraded by Deutsche Bank to Hold while Lowering the Price Target of the company shares to $ 55 from a previous price target of $68 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 1, 2016.

Delta Air Lines Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s 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 Company’s segments include its Airline segment and Refinery segment. The Company’s 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.

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