Stock Traders Buy Large Volume of Call Options on Delta Air Lines (DAL)
Shares of Delta Air Lines (NYSE:DAL) were the recipient of some unusual options trading on Tuesday. Investors purchased 29,873 call options on the company, AnalystRatings.Net reports. This represents an increase of approximately 194% compared to the average daily volume of 10,150 call options.
In other Delta Air Lines news, VP Craig M. Meynard sold 6,300 shares of the company’s stock on the open market in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $40.01, for a total transaction of $252,063.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Delta Air Lines in a research note on Wednesday, August 6th. They now have a $38.00 price target on the stock. Separately, analysts at CRT Capital raised their price target on shares of Delta Air Lines from $43.00 to $47.00 in a research note on Friday, July 25th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of Delta Air Lines in a research note on Thursday, July 24th. They now have a $48.00 price target on the stock, up previously from $46.00. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $44.60.
Shares of Delta Air Lines (NYSE:DAL) traded up 3.41% on Tuesday, hitting $40.93. The stock had a trading volume of 11,649,511 shares. Delta Air Lines has a 52-week low of $19.57 and a 52-week high of $42.66. The stock’s 50-day moving average is $38.10 and its 200-day moving average is $36.76. The company has a market cap of $34.422 billion and a price-to-earnings ratio of 3.12.
Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.04 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.04. The company had revenue of $10.62 billion for the quarter, compared to the consensus estimate of $10.65 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Analysts expect that Delta Air Lines will post $3.24 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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