Large Outflow of Money Witnessed in Delta Air Lines

Delta Air Lines (DAL) : Net money flow in Delta Air Lines (DAL) was negative ($4.62 million) and the inflow of money on uptick was $37.79 million, whereas, the outflow of money on downticks amounted to $42.41 million on Friday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.89. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $3.47 million. On the other hand, the total value of block trades done on downticks was $7.9 million. The ratio of uptick to downtick block trades was 0.44. The money flow in block trades was negative ($4.43). Delta Air Lines (DAL) gained $0.12 cent during the day and reached $36.94, a gain of 0.33% over the previous day.


The company Insiders own 0.75% of Delta Air Lines shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 8.49% . Institutional Investors own 84.92% of Delta Air Lines shares. During last six month period, the net percent change held by insiders has seen a change of -19.66%.

In a related news, Sear Steven M, officer (Pres. Intl & EVP Global Sales) of Delta Air Lines Inc /De/, unloaded 4,670 shares at an average price of $37.18 on August 30, 2016. The total amount of the transaction was worth $173,631, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Delta Air Lines (NYSE:DAL): The stock opened at $36.67 and touched an intraday high of $37.49 on Friday. During the day, the stock corrected to an intraday low of $36.67, however, the bulls stepped in and pushed the price higher to close in the green at $37.17 with a gain of 0.95% for the day. The total traded volume for the day was 10,201,908. The stock had closed at $36.82 in the previous trading session.

Delta Air Lines (DAL) has been under a strong bear grip, hence the stock is down -1.2% 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 2.48% in the past 1 week. The stock has risen by 2.99% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.33% in the past 4 weeks.

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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