Delta’s actions are picking up, ending a streak of defeats


Delta Air Lines Inc. shares
+ 4.50%

afternoon trade rose 3.5% which puts them back on track to break a losing streak. The title plunged 29.8% in an eight-game losing streak Tuesday. But in five of those losing sessions, including the last four, the stock traded in positive territory during the day only to lose those gains at the close. On Tuesday, the stock was up 15.8% to its intraday high of $ 25.85, to close at 0.3%; at 2 o’clock in the afternoon. AND Tuesday, the stock was still up about 2.9%. The last losing streak was only the longest in less than two months, as the title dropped 22.4% in an 11-losing streak until February 28. The stock has dropped 60.9% in the past three months, while the US Global Jets ETF
+ 6.11%

lost 54.9% and the S&P 500
+ 3.32%

decreased by 16.5%.


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