Reasons to Hold on to Delta Air Lines Stock Despite the Current Slide
Original Content- Business Upside Shares of airlines have taken a hit, as evident from the lower trading of the stocks of delta airlines after the emergence of Omicron, a new variant of coronavirus in South Africa. The rise of the new variant has unnerved investors as they struggle to gauge the economic impact. As news and contradictory information about Omicron keep flowing in, it is keeping investors on tenterhooks. But analysts of J.P.Morgan, the US investment bank , believe that investors can think of taking advantage of the sharp fall in share prices at the end of November. Triggered by one of the most significant sell-off of the year, the stock price of Delta Airlines hit a new one-year low at $35.84 on November 27. It was not Delta alone, but other United, American, Southwest, Spirit, and JetBlue Airlines traded lower by 7% during the same time as the day before Thanksgiving Day. As expected, countries, including the US, are im...