Looking At Delta Air Lines's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent options activity for Delta Air Lines (NYSE:DAL) shows a bearish trend with 55% of trades being puts. The stock is currently trading at $39.86, down by 3.95%. Analysts have a consensus target price of $60.5, with ratings of Outperform and Buy from Bernstein and TD Cowen, respectively.
August 02, 2024 | 5:47 pm
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Delta Air Lines has seen unusual options activity with a bearish trend, as 55% of trades were puts. The stock is currently down by 3.95% at $39.86. Analysts have a consensus target price of $60.5, with Outperform and Buy ratings from Bernstein and TD Cowen.
The majority of recent options trades for Delta Air Lines are bearish, indicating a negative short-term sentiment. The stock is currently down by 3.95%, which aligns with the bearish options activity. However, analysts maintain a positive long-term outlook with high target prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100