Large Inflow of Money Detected in Delta Air Lines

Delta Air Lines (DAL) stock had a bullish inflow of $70.09 million worth of trades on uptick and an outflow of $57.48 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.22. The net money flow into the stock was $12.61 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $11.2 million. An inflow of $4.42 million block trade was recorded on downticks. $15.62 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 3.53 in favor of the bulls. However, Delta Air Lines (DAL) stock traded down $0.32 , and reached $40.21, a drop of -0.79% over the previous day. On a weekly basis, the stock is 0.58%, over the previous weeks close.


Also, Evercore Partners downgrades their rating on the shares of Delta Air Lines (NYSE:DAL). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 15, 2016.

Delta Air Lines (NYSE:DAL): The stock opened at $40.69 on Wednesday but the bulls could not build on the opening and the stock topped out at $41.22 for the day. The stock traded down to $39.94 during the day, due to lack of any buying support eventually closed down at $40.21 with a loss of -0.79% for the day. The stock had closed at $40.53 on the previous day. The total traded volume was 9,541,884 shares.

The stock has recorded a 20-day Moving Average of 6.86% and the 50-Day Moving Average is 0.08%. In a related news, West W Gilbert, officer (Sr. EVP & COO) of Delta Air Lines Inc /De/, unloaded 12,000 shares at an average price of $44 on May 18, 2016. The total amount of the transaction was worth $528,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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