Delta Air Lines, Inc (NYSE:DAL) shares up by 2.38%, Corning Incorporated (NYSE:GLW)

Posted by Nathan Alexander May 28, 2013 0 Comment 1617 views


Delta Air Lines, Inc (NYSE:DAL): In Friday’s trading session, Delta Air Lines, Inc (NYSE:DAL) gained 2.38%. Its opening price of $18.21 rose to touch an intraday high of $18.93 which eventually headed down to close at $18.21 per share. Over 11.08 million shares exchanged hands in the last trading session. This number stood below the average volume of 13.83 million that was measured over a 30-day period.

Over the past one year, Delta Air Lines, Inc (NYSE:DAL) introduced a fleet-restructuring plan. Via this plan, the company will remove all except 125 of the 50-seat regional jets from it service by the year 2015. DAL was able to sublease 88, used Boeing 717s from Southwest Airlines Co at a competent price. This was possible as Southwest wanted to move back to flying only Boeing 737s. In lieu of adding this “mainline” flying that is performed by Delta pilots and its flight attendants, the Delta’s pilot union has agreed to permit the company to add new 76-seat regional jets. Delta has been a path-breaker in looking at reducing it dependency on smaller and 50-seat aircraft.

Corning Incorporated (NYSE:GLW): In Friday’s trading session, Corning Incorporated (NYSE:GLW) dipped 0.57%. Its opening price of $16.60 rose to touch an intraday high of $15.74 which eventually headed down to close at $15.51 per share. Over 10.23 million shares exchanged hands in the last trading session. This number stood below the average volume of 14.67 million that was measured over a 30-day period.

By the end of the 2013 Q1, Corning Incorporated (NYSE:GLW) was in the portfolio of 40 hedge funds.  The company’s investors should be aware of the reduced activity from the largest hedge funds in the world, over the past few months. Currently, there are various gauges that shareholders can make use of to analyze their holdings and maximize their benefits. Corning is an international, technology-based corporation. It operates in five different segments: Telecommunications, Display Technologies, Specialty Materials Environmental Technologies and Life Sciences.
In the year that ended 31 December 2011, Corning launched its Corning Lotus Glass. This environmentally friendly, display glass has been developed to enable technologies. These include organic light-emitting diode displays and next generation liquid crystal displays.


About Nathan Alexander

Nathan Alexander holds bachelor’s degrees in Journalism and European Studies from Boston University. Nathan reports round up the day’s business and financial market news and include keynote interviews with major business players and updates on Asian, European and US stock markets. He has interviewed heads of leading European banking institutions such as European Central Bank President Jean-Claude Trichet and HSBC Chairman Stephen Green, and CEOs from the business world including Microsoft founder Bill Gates, Virgin Chairman Sir Richard Branson and former Porsche President and CEO Dr Wendelin Wiedeking.

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