Delta Air Lines (DAL) NewsBite - DAL Falls On Terror Concerns
Posted: Monday, December 28, 2009 10:08 AM EDT
By: Market Intelligence Center Staff
Delta Air Lines (NYSE: DAL) opened at $11.45. So far today, the stock has hit a low of $11.29 and a high of $11.52. DAL is now trading at $11.47, down $0.30 (-2.55%). Over the last 52 weeks the stock has ranged from a low of $3.51 to a high of $12.65. Shares of DAL are trading lower with other airlines this morning on concerns that heightened airport security measures following last week's foiled terror attack could hurt the industry. However, a number of analysts have also speculated that the attack and any added security measures would not have a significant financial impact on the sector. Technical indicators for the stock are bullish and S&P gives DAL a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on DAL the stock seems like it could be a candidate for a February out-of-the-money bear-call credit spread above the 13 range. [ABR-Seven Summits Strategic Investments NewsBite]
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