Delta Air Lines (DAL) NewsBite - DAL Closes Financing Deals

Posted: Tuesday, September 29, 2009 10:01 AM EDT

Delta Air Lines (NYSE: DAL) opened at $9.14. So far today, the stock has hit a low of $9.10 and a high of $9.30. DAL is now trading at $9.26, up $0.26 (2.83%). Over the last 52 weeks the stock has ranged from a low of $3.51 to a high of $12.65. DAL shares are rising this morning after the company announced it closed multiple financing deals worth $2.1 billion which have improved its liquidity by $600 million. 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 November out-of-the-money bull-put credit spread below the 8 range. [ABR-Seven Summits Strategic Investments NewsBite]

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