Shares of Delta Air Lines (DAL) Rally 6.98%

Delta Air Lines (DAL) : Traders are bullish on Delta Air Lines (DAL) as it has outperformed the S&P 500 by a wide margin of 0.78% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.41%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.98% in the last 1 week, and is up 5.18% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 7.17% and the 50-Day Moving Average is 0.7%.

Delta Air Lines (NYSE:DAL): The stock opened at $40.46 on Friday but the bulls could not build on the opening and the stock topped out at $40.54 for the day. The stock traded down to $39.71 during the day, due to lack of any buying support eventually closed down at $39.98 with a loss of -2.44% for the day. The stock had closed at $40.98 on the previous day. The total traded volume was 15,192,438 shares.


The company Insiders own 0.88% 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 -23.22% . Institutional Investors own 86.19% of Delta Air Lines shares. During last six month period, the net percent change held by insiders has seen a change of -28.09%. 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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