Delta Air Lines Sees Unusually Large Options Volume (DAL)
Shares of Delta Air Lines (NYSE:DAL) saw some unusual options trading activity on Friday. Traders bought 16,385 put options on the company, StockRatingsNetwork reports. This is an increase of approximately 111% compared to the typical volume of 7,779 put options.
In other Delta Air Lines news, EVP Glen Hauenstein unloaded 130,000 shares of Delta Air Lines stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $24.00, for a total value of $3,120,000.00. Following the completion of the transaction, the executive vice president now directly owns 250,927 shares in the company, valued at approximately $6,022,248. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on DAL. Analysts at Barclays Capital raised their price target on shares of Delta Air Lines (NYSE:DAL) from $25.00 to $33.00 in a research note to investors on Friday. They now have an “overweight” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Delta Air Lines (NYSE:DAL) from $26.00 to $30.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Delta Air Lines (NYSE:DAL) from $25.00 to $28.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $25.71.
Delta Air Lines (NYSE:DAL) traded up 2.65% on Friday, hitting $25.19. The stock had a trading volume of 17,398,958 shares. Delta Air Lines has a 52 week low of $9.21 and a 52 week high of $24.77. The stock’s 50-day moving average is $21.68 and its 200-day moving average is $19.04. The company has a market cap of $21.412 billion and a price-to-earnings ratio of 12.02.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by $0.04. The company had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $9.74 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was down .3% on a year-over-year basis. Analysts expect that Delta Air Lines will post $2.82 EPS for the current fiscal year.
Delta Air Lines, Inc (NYSE:DAL) provides scheduled air transportation for passengers and cargo throughout the United States and around the world.
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