Large Outflow of Money Witnessed in Delta Air Lines

Delta Air Lines (DAL) : The total money flow in Delta Air Lines (DAL) was negative ($9.77 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $76.06 million. Transactions on upticks were comparatively lower at $66.29 million. The uptick to downtick ratio was 0.87. The total block trades done on upticks were valued at $13.91 million. The total block trades on downticks were valued at $25.52 million. The uptick to the downtick ratio of block trades was 0.55. The money flow during block trades was negative ($11.61 million) when the stock traded with a gain of $2 cent. Delta Air Lines (DAL) was $39.23, an increase of 0.05% over the previous days close.


Shares of Delta Air Lines, Inc. rose by 3.1% in the last five trading days and 7.33% for the last 4 weeks. Delta Air Lines, Inc. is up 8.85% in the last 3-month period. Year-to-Date the stock performance stands at -21.68%.

Delta Air Lines (DAL) : 9 analysts are covering Delta Air Lines (DAL) and their average rating on the stock is 1.56, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Delta Air Lines (DAL) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Delta Air Lines (NYSE:DAL): The stock opened at $39.3 and touched an intraday high of $40.23 on Wednesday. During the day, the stock corrected to an intraday low of $39.11, however, the bulls stepped in and pushed the price higher to close in the green at $39.23 with a gain of 0.05% for the day. The total traded volume for the day was 10,552,432. The stock had closed at $39.21 in the previous trading session.

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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