Delta Air Lines Stock Bearish Momentum With A 17% Drop In The Last 5 Sessions

(VIANEWS) – Shares of Delta Air Lines (NYSE: DAL) fell by a staggering 17.57% in 5 sessions from $39.72 to $32.74 at 13:40 EST on Wednesday, after four consecutive sessions in a row of losses. NYSE is dropping 3.04% to $14,489.90, following the last session’s upward trend.

Delta Air Lines’s last close was $35.47, 23.34% below its 52-week high of $46.27.

About Delta Air Lines

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon. The company sells its tickets through various distribution channels, including delta.com and the Fly Delta app, reservations, online travel agencies, traditional brick and mortar, and other agencies. It also provides aircraft maintenance and engineering support, repair, and overhaul services; and vacation packages to third-party consumers, as well as aircraft charters, and management and programs. The company operates through a fleet of approximately 1,200 aircrafts. Delta Air Lines, Inc. was founded in 1924 and is based in Atlanta, Georgia.

Earnings Per Share

As for profitability, Delta Air Lines has a trailing twelve months EPS of $-20.51.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 25.49%.

Moving Average

Delta Air Lines’s worth is way under its 50-day moving average of $37.92 and below its 200-day moving average of $34.11.

Volume

Today’s last reported volume for Delta Air Lines is 10013018 which is 3.24% above its average volume of 9649770.

Yearly Top and Bottom Value

Delta Air Lines’s stock is valued at $32.74 at 13:40 EST, way below its 52-week high of $46.27 and way higher than its 52-week low of $27.20.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Delta Air Lines’s stock is considered to be overbought (>=80).

More news about Delta Air Lines (DAL).

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