Delta Air Lines, Inc. Stock Price Could Go Up After Today’s Bullish Options Activity

 Delta Air Lines, Inc. Stock Price Could Go Up After Today's Bullish Options Activity

In today’s session Delta Air Lines, Inc. (DAL) registered an unusually high (155) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious DAL increase. With 155 contracts traded and 73864 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: DAL161216C00041000 closed last at: $6.65 or 3.6% down. About 1.86M shares traded hands. Delta Air Lines, Inc. (NYSE:DAL) has risen 4.21% since April 18, 2016 and is uptrending. It has underperformed by 0.22% the S&P500.

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 26 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Mkt Perform” rating by Bernstein given on Tuesday, October 11. Evercore downgraded Delta Air Lines, Inc. (NYSE:DAL) on Friday, July 15 to “Hold” rating. Credit Suisse maintained Delta Air Lines, Inc. (NYSE:DAL) rating on Tuesday, April 12. Credit Suisse has “Outperform” rating and $59 price target. The stock of Delta Air Lines, Inc. (NYSE:DAL) has “Overweight” rating given on Thursday, April 28 by Morgan Stanley. The firm has “Buy” rating by Buckingham Research given on Wednesday, October 5. The firm earned “Outperform” rating on Friday, December 18 by Cowen & Co. Imperial Capital maintained it with “In-Line” rating and $44 target price in Friday, October 14 report. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Outperform” rating by Cowen & Co on Wednesday, July 6. As per Wednesday, July 6, the company rating was maintained by Credit Suisse. Stephens initiated Delta Air Lines, Inc. (NYSE:DAL) rating on Tuesday, March 29. Stephens has “Overweight” rating and $65 price target.

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 0.74 in Q2 2016. Its down 0.26, from 1 in 2016Q1. The ratio dived, 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.
Creative Planning holds 99,583 shares or 0.03% of its portfolio. Brave Asset Inc, a New Jersey-based fund reported 1,800 shares. Blue Clay Management Ltd Co has 8,275 shares for 0.35% of their US portfolio. Moreover, Arizona State Retirement has 0.1% invested in Delta Air Lines, Inc. (NYSE:DAL) for 189,300 shares. The Colorado-based Denver Investment Advsrs Ltd Com has invested 0.01% in Delta Air Lines, Inc. (NYSE:DAL). Moreover, Ray Gerald L & Assoc has 0.08% invested in Delta Air Lines, Inc. (NYSE:DAL) for 13,025 shares. Moreover, Archford Strategies Limited Liability Company has 0.05% invested in Delta Air Lines, Inc. (NYSE:DAL) for 2,732 shares. Md Sass Inc has 2.07 million shares for 3.7% of their US portfolio. Gmt has 3.79% invested in the company for 4.30 million shares. Id A S reported 8,000 shares or 0.09% of all its holdings. Nomura Asset Ltd owns 29,440 shares or 0.02% of their US portfolio. Cna reported 98,440 shares or 0.89% of all its holdings. First Advsr Lp last reported 0.04% of its portfolio in the stock. New York State Teachers Retirement Systems last reported 1.52 million shares in the company. Visium Asset Mgmt L P holds 0.03% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL) for 12,683 shares.

Insider Transactions: Since July 15, 2016, the stock had 2 buys, and 9 insider sales for $37.03 million net activity. Mattson George N bought 10,000 shares worth $364,957. 758,000 shares were sold by ANDERSON RICHARD H, worth $30.37 million on Friday, July 15. $2.06M worth of shares were sold by Bastian Edward H on Wednesday, October 26. Shares for $75,047 were sold by Smith Joanne D. Another trade for 3,500 shares valued at $144,946 was sold by Meynard Craig M. $972,770 worth of Delta Air Lines, Inc. (NYSE:DAL) shares were bought by Jacobson Paul A. Sear Steven M sold $187,587 worth of stock.

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The company has a market cap of $37.26 billion. The Company’s operates through divisions, including Airline Segment and Refinery Segment. It has a 7.86 P/E ratio. The Airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and other ancillary airline services.

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.

More news for Delta Air Lines, Inc. (NYSE:DAL) were recently published by: Bloomberg.com, which released: “Berkshire Bets on Airlines With Stakes in American, Delta” on November 14, 2016. Nasdaq.com‘s article titled: “Delta Air Lines, Inc. (DAL) Ex-Dividend Date Scheduled for November 08, 2016” and published on November 07, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment