This Is What Whales Are Betting On Delta Air Lines
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Delta Air Lines (NYSE:DAL), with 64% of detected trades having bearish expectations. Whales have been targeting a price range of $39 to $50 for Delta Air Lines over the last 3 months. The stock is currently up 2.9% at $44.39, with RSI indicators suggesting it may be overbought. B of A Securities and Raymond James maintain Buy and Strong Buy ratings, respectively.
June 27, 2023 | 2:47 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Whale investor takes a bearish stance on Delta Air Lines, with 64% of detected trades having bearish expectations. The stock is up 2.9% at $44.39, with RSI indicators suggesting it may be overbought. B of A Securities and Raymond James maintain Buy and Strong Buy ratings.
The bearish stance taken by a whale investor, along with the fact that 64% of detected trades have bearish expectations, indicates a potential short-term negative impact on Delta Air Lines' stock price. Additionally, RSI indicators suggest the stock may be overbought, which could lead to a price correction. However, positive analyst ratings from B of A Securities and Raymond James may provide some support.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100