DAL Stock Summary and Trading Ideas (Delta Air Lines | NYSE:DAL)

Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta has historically earned the greatest portion of its international revenue and profits from flying passengers over the Atlantic Ocean.

Delta Air Lines trades on the NYSE stock market under the symbol DAL.

As of April 19, 2024, DAL stock price declined to $47.83 with 5,742,772 million shares trading.

DAL has a beta of 1.59, meaning it tends to be more sensitive to market movements. DAL has a correlation of 0.36 to the broad based SPY ETF.

DAL has a market cap of $30.87 billion. This is considered a Large Cap stock.

Last quarter Delta Air Lines reported $14 billion in Revenue and $.45 earnings per share. This beat revenue expectation by $1 billion and exceeded earnings estimates by $.09.

In the last 3 years, DAL stock traded as high as $49.81 and as low as $27.20.

The top ETF exchange traded funds that DAL belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

DAL has outperformed the market in the last year with a price return of +36.1% while the SPY ETF gained +21.1%. DAL has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +25.8% and +4.3%, respectively, while the SPY returned +4.2% and -3.6%, respectively.

DAL support price is $46.93 and resistance is $48.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DAL stock will trade within this expected range on the day.