DAL is trading at $69.23, down 3.07% following significant insider selling by top company executives and broader market volatility.
- President Glen Hauenstein divested 426,933 shares valued at $31.3 million on February 10, while EVP Alain Bellemare and other leaders also sold holdings.
- The selloff is compounded by a decline in the S&P 500 and Nasdaq as investors react to a stronger-than-expected jobs report.
- Market sentiment has cooled as the robust labor data suggests the Federal Reserve may delay anticipated interest rate cuts.