Price Action Don’t Lie: Delta Air Lines, Inc.’s Trend Down, Especially After Today’s Weak Session

Price Action Don't Lie: Delta Air Lines, Inc.'s Trend Down, Especially After Today's Weak Session

The stock of Delta Air Lines, Inc. (NYSE:DAL) is a huge mover today! About 5.33M shares traded hands. Delta Air Lines, Inc. (NYSE:DAL) has declined 16.45% since March 10, 2016 and is downtrending. It has underperformed by 23.97% the S&P500.
The move comes after 7 months negative chart setup for the $29.65 billion company. It was reported on Oct, 13 by Barchart.com. We have $37.30 PT which if reached, will make NYSE:DAL worth $1.48 billion less.

Delta Air Lines, Inc. (NYSE:DAL) Ratings Coverage

Out of 14 analysts covering Delta Air Lines (NYSE:DAL), 11 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 79% are positive. Delta Air Lines has been the topic of 25 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Cowen & Co maintained Delta Air Lines, Inc. (NYSE:DAL) on Wednesday, July 6 with “Outperform” rating. The stock of Delta Air Lines, Inc. (NYSE:DAL) has “Buy” rating given on Monday, August 3 by UBS. The firm earned “Buy” rating on Tuesday, September 1 by Deutsche Bank. Evercore downgraded the shares of DAL in a report on Friday, July 15 to “Hold” rating. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Overweight” rating by Morgan Stanley on Thursday, April 28. The firm has “Overweight” rating given on Tuesday, March 29 by Stephens. The firm has “Outperform” rating by Credit Suisse given on Tuesday, April 12. Bernstein initiated the stock with “Mkt Perform” rating in Tuesday, October 11 report. On Wednesday, July 6 the stock rating was maintained by Credit Suisse with “Outperform”. The stock has “In-Line” rating given by Imperial Capital on Wednesday, August 24.

According to Zacks Investment Research, “Delta is America’s fastest growing international carrier. Delta Air Lines offers customers service to more destinations than any global airline with Delta and Delta Connection carrier service. Delta has added more international capacity than all other U.S. airlines combined and is the leader across the Atlantic.”

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.09, from 1.09 in 2016Q1. The ratio fall, as 92 funds sold all Delta Air Lines, Inc. shares owned while 277 reduced positions. 75 funds bought stakes while 294 increased positions. They now own 620.66 million shares or 4.75% less from 651.60 million shares in 2016Q1.
Standard Life Invests accumulated 0.57% or 3.45 million shares. Aqr Capital Mngmt Ltd Liability last reported 0.35% of its portfolio in the stock. Blackrock Japan Communications Limited holds 232,692 shares or 0.03% of its portfolio. Massmutual Tru Fsb Adv, a Connecticut-based fund reported 22 shares. Cypress Mgmt Ltd Liability Corporation (Wy) accumulated 1,025 shares or 0% of the stock. Hartford Invest Communication accumulated 195,945 shares or 0.15% of the stock. Tower Capital (Trc) holds 11,325 shares or 0.04% of its portfolio. Veritable Limited Partnership reported 17,215 shares or 0.02% of all its holdings. Amer holds 288,089 shares or 0% of its portfolio. Moreover, Kings Point Capital Management has 0% invested in Delta Air Lines, Inc. (NYSE:DAL) for 453 shares. Comml Bank Hapoalim Bm reported 39,598 shares or 0.34% of all its holdings. Allen Invest Management Limited Liability Co last reported 25,337 shares in the company. Dumont And Blake Investment Advsr Limited Company holds 8,925 shares or 0.22% of its portfolio. Ncm Capital Mgmt accumulated 3,000 shares or 1.33% of the stock. Kanaly Trust Com last reported 0.01% of its portfolio in the stock.

Insider Transactions: Since April 15, 2016, the stock had 4 buys, and 9 sales for $96.45 million net activity. Sear Steven M sold $187,587 worth of stock. ANDERSON RICHARD H also sold $12.29 million worth of Delta Air Lines, Inc. (NYSE:DAL) on Monday, April 18. Smith Joanne D sold $289,648 worth of Delta Air Lines, Inc. (NYSE:DAL) on Tuesday, May 10. Shares for $206,950 were bought by Mattson George N on Wednesday, May 4. 20,000 Delta Air Lines, Inc. (NYSE:DAL) shares with value of $852,480 were sold by Bastian Edward H. Carter Peter W also bought $103,540 worth of Delta Air Lines, Inc. (NYSE:DAL) on Wednesday, May 4. On Monday, July 25 Jacobson Paul A bought $972,770 worth of the stock or 25,000 shares.

More notable recent Delta Air Lines, Inc. (NYSE:DAL) news were published by: Nasdaq.com which released: “Delta Air Lines Inc Reveals 9% Decline In Q3 Profit” on October 13, 2016, also Marketwatch.com with their article: “Delta Air Lines beats profit estimate but revenue falls short” published on October 13, 2016, Businessinsider.com published: “Delta posts an earnings beat” on October 13, 2016. More interesting news about Delta Air Lines, Inc. (NYSE:DAL) were released by: Nasdaq.com and their article: “Turbulence on the Horizon for Delta Air Lines, Inc. (DAL)” published on October 07, 2016 as well as Dallasnews.com‘s news article titled: “Southwest Airlines, pilots won’t reopen pending contract after Delta strikes …” with publication date: October 12, 2016.

DAL Company Profile

Delta Air Lines, Inc. incorporated on March 16, 1967, provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s operates through divisions, including Airline Segment and Refinery Segment.

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