Shares of Delta Air Lines (DAL) Sees Large Outflow of Money

Delta Air Lines (DAL) : The value of composite uptick trades was $45.7 million, whereas, the value of composite downtick trades was $55.98 million. The uptick to downtick ratio stood at 0.82 with a negative money flow of ($10.27) Million during Thursdays trading session. The block trades money flow was negative ($9.07 million).The uptick to the downtick ratio of 0.35 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $4.89 million. The transaction of the trades on downticks amounted to $13.96 million, which confirms investors selling on the strength of price. Delta Air Lines (DAL) gained 79 cents at $36.37, an increase of 2.22% over the previous days close.


Delta Air Lines (DAL) : The highest short term price target forecast on Delta Air Lines (DAL) is $67 and the lowest target price is $56. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $61.25 with a standard deviation of $3.92. The stock has recorded a 20-day Moving Average of 4.08% and the 50-Day Moving Average is 10.71%.

Delta Air Lines (NYSE:DAL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.54 and $35.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.37, notching a gain of 2.22% for the day. The total traded volume was 8,775,767 . The stock had closed at $35.58 on the previous day.

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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