Delta Air Lines (DAL) : Wednesdays money flow data in Delta Air Lines (DAL) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $47.34 million, whereas, $42.98 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.1, in favor of the bulls. The total money flow into the stock was $4.36 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $4.42 million. The total value of block trades done on upticks was $13.91 million. The value of bearish trades on downticks was only $9.49 million.The up/down ratio in the block trades was a healthy 1.47 in favor of the bulls, suggesting strong buying in the stock by large traders. Delta Air Lines (DAL) fell $0.05 and traded at $39.16, down -0.13% for the day, over previous days close. On a weekly basis, the shares are 0.98% over the previous weeks 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.