Recent exceptional positive changes in investment behavior have benefitted Delta Air Lines Inc (NYSE: DAL): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Recent small positive changes in fundamentals have benefitted Delta Air Lines Inc (NYSE: DAL): significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, DAL is expected to continue to be a major Value Builder.
Delta Air Lines has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Delta Air Lines has a slightly positive Power Rating of 61 and a very high Appreciation Score of 92, leading to the Highest Value Trend Rating.
Recent Price Action
On 12/6/23, Delta Air Lines Inc (NYSE: DAL) stock enjoyed a large increase of 3.5%, closing at $38.94. Moreover, above average trading volume at 121% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 8.0% during the last week.
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