Insider Activity Report: Delta Air Lines (DAL)

Airplane Cabin

David Taylor, a director at Delta Air Lines (DAL), recently bought 10,000 shares. The buy increased his holdings by 13 percent, and came to a total cost of $330,900.

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  • Taylor was the last insider to buy with multiple purchases back in April. Since then, there have been several insider sales, mostly by company EVPs at prices as much as 20 percent higher than where shares trade today.

    Overall, Delta insiders own 0.3 percent of shares.

    The airliner is flat over the past year, with shares giving up their gains in the past three months. Rising energy prices and concerns of a slowing economy may be creating those fears now.

    Delta is coming off a strong year, with earnings up 60 percent and revenues up 11 percent. But further growth may be limited with the headwinds of energy prices and slowing consumer spending.

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  • Action to take: With shares looking oversold and near their support line from the past year, a buying opportunity may be starting to emerge now. Today’s buyers can also get a 1.2 percent dividend.

    For traders, the current trend is down, but shares are looking oversold and ready to bounce in the coming weeks. The December 15 $35 calls, last going for about $0.92, could see mid-to-high double-digit returns if shares bounce higher soon.


    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

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