DAL is trading 3.3% down now at $59.65 despite positive analyst coverage from Zacks highlighting the stock as a momentum play and value investment. The stock gained 4.9% over the past four weeks and 10.2% over the past 12 weeks, earning a Momentum Score of A and a Zacks Rank #2 (Buy). Analysts have raised earnings estimates, with the consensus EPS estimate for the full year moving 6.3% higher within the past quarter. The stock is trading at an attractive Price-to-Sales ratio of 0.64, with investors paying only 64 cents for each dollar of sales. However, today's decline appears to be a pullback after strong recent gains, with the stock having rallied 8.0% just last week and reaching the $61.70 level on October 15. The stock is preparing to test the important resistance level of $63.33. Additionally, DAL went ex-dividend on October 16 with a $0.1875 per share dividend, which typically results in a technical price adjustment. Year-to-date, DAL has returned 2%, outperforming the Transportation sector which has returned an average of -5%.
🔴 DAL is trading 3.3% down today despite positive analyst coverage
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