Delta Air Lines (DAL) Shares are Up 1.16%

Delta Air Lines (DAL) has been under a strong bear grip, hence the stock is down -5.98% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.19% in the past 1 week. The stock has risen by 1.16% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.62% in the past 4 weeks.

Delta Air Lines, Inc. has dropped 14.22% during the last 3-month period . Year-to-Date the stock performance stands at -26.6%. The stock has recorded a 20-day Moving Average of 1.95% and the 50-Day Moving Average is 2.84%.


Delta Air Lines (NYSE:DAL): The stock opened at $36.81 on Friday but the bulls could not build on the opening and the stock topped out at $36.98 for the day. The stock traded down to $36.37 during the day, due to lack of any buying support eventually closed down at $36.77 with a loss of -0.81% for the day. The stock had closed at $37.07 on the previous day. The total traded volume was 7,579,561 shares.

Also, Major Brokerage house, JP Morgan maintains its ratings on Delta Air Lines (NYSE:DAL). In the latest research report, JP Morgan lowers the target price from $63 per share to $48.5 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on July 27, 2016.

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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