Delta Air Lines Unusual Options Activity For July 11
Portfolio Pulse from Benzinga Insights
Delta Air Lines (NYSE:DAL) has seen unusual options activity, with 57% of investors opening trades with bullish expectations and 42% with bearish. Whales have been targeting a price range from $30.0 to $50.0 for Delta Air Lines over the last 3 months. The price of DAL is down -0.11% at $48.41. Goldman Sachs, Jefferies, Raymond James, and B of A Securities have maintained their Buy ratings on Delta Air Lines, while Morgan Stanley downgraded its action to Overweight.
July 11, 2023 | 5:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Delta Air Lines has seen unusual options activity, with a majority of investors being bullish. The stock price is slightly down, but most major financial firms maintain Buy ratings, with Morgan Stanley downgrading to Overweight.
The unusual options activity indicates a high level of interest in Delta Air Lines, with a majority of investors being bullish. This could potentially drive the stock price up in the short term. However, the slight decrease in the stock price and the downgrade by Morgan Stanley might temper this effect.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100