Selling Buzz: Delek US Holdings Inc [DK] SVP & Deputy CFO Wright Robert G. sells 2,123 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Delek US Holdings Inc shares valued at $60,506 were sold by Wright Robert G. on Feb 12. At $28.50 per share, Wright Robert G. sold 2,123 shares. The insider’s holdings dropped to 18,925 shares worth approximately $0.53 million following the completion of this transaction.

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Also, Wright Robert G. sold 88 shares, netting a total of over 2,508 in proceeds. Following the sale of shares at $28.50 each, the insider now holds 21,048 shares.

Before that, Spiegel Reuven had sold 750 shares from its account. In a trade valued at $20,468, the CFO traded Delek US Holdings Inc shares for $27.29 each. Upon closing the transaction, the insider’s holdings decreased to 750 shares, worth approximately $0.7 million.

As published in their initiating research note from Citigroup on January 24, 2024, Delek US Holdings Inc [DK] has been a Neutral.

Analyzing DK Stock Performance

During the last five days, there has been a surge of approximately 2.78%. Over the course of the year, Delek US Holdings Inc shares have jumped approximately 8.80%. Shares of the company reached a 52-week high of $28.82 on 02/12/24 and a 52-week low of $23.55 on 01/18/24. A 50-day SMA is recorded $26.30, while a 200-day SMA reached $25.77. Nevertheless, trading volume fell to 0.73 million shares from 0.88 million shares the previous day.

Support And Resistance Levels for Delek US Holdings Inc (DK)

According to the 24-hour chart, there is a support level at 27.60, which, if violated, would cause prices to drop to 27.14. In the upper region, resistance lies at 28.38. The next price resistance is at 28.70. RSI (Relative Strength Index) is 60.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.67, which suggests the price will decrease in the coming days. Percent R is at 23.81%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Delek US Holdings Inc subject to short interest?

Stocks of Delek US Holdings Inc saw a sharp steep in short interest on Jan 31, 2024 dropping by 90000.0 shares to 7.65 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2023 was 7.74 million shares. A decline of -1.18% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 9.04 of the overall float, the days-to-cover ratio (short ratio) decline to 9.04.

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