Delta Air Lines Inc /de/ (DAL) Files Form 4 Insider Selling : Richard H Anderson Sells 912,000 Shares

Delta Air Lines Inc /de/ (DAL): Richard H Anderson , Exec. Chairman of the Board of Delta Air Lines Inc /de/ sold 912,000 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $43.75 per share for a total value of $399 , 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 11, 2016, Joanne D Smith (EVP & Chief HR Officer) sold 6,736 shares at $43.00 per share price.On May 10, 2016, Edward H Bastian (Chief Executive Officer) sold 20,000 shares at $42.62 per share price.Also, On May 10, 2016, Richard H Anderson (Exec. Chairman of the Board) sold 190,881 shares at $42.47 per share price.On May 5, 2016, George N Mattson (director) purchased 5,000 shares at $41.39 per share price.

Shares of Delta Air Lines (DAL) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.76 points or -1.73% at $43.1 with 88,60,801 shares getting traded. Post opening the session at $43.27, the shares hit an intraday low of $42.55 and an intraday high of $43.88 and the price vacillated in this range throughout the day. The company has a market cap of $33,255 M and the number of outstanding shares has been calculated to be 77,15,81,440 shares. The 52-week high of Delta Air Lines is $52.77 and the 52-week low is $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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