On August 3, Delta Air Lines rose 3.36% in regular trading, trading at $91.44/share, with turnover of $82.43 million. The move came as Goldman Sachs added Delta Air Lines to its US equity list alongside names such as Applied Materials, Microsoft, and United Parcel Service, providing a fresh catalyst for the stock.
The broader airline sector showed notable strength, with American Airlines up 6.65%, United Airlines up 6.07%, JetBlue Airways up 4.36%, Southwest Airlines up 3.65%, and Joby Aviation up 1.61%. Delta has benefited from a series of positive developments in recent weeks, including multiple analyst price target upgrades following a strong Q2 earnings report on July 10, where the company beat expectations despite record-high fuel costs and reaffirmed full-year EPS guidance of $6.50 to $7.50. The company has also been expanding its international route network with new direct flights to Saudi Arabia and Manila.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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