In a filing, Darling Ingredients Inc revealed its COO North America JANSEN MATTHEW J acquired Company’s shares for reported $0.26 million on Mar 04 ’24. In the deal valued at $42.76 per share,6,000 shares were bought. As a result of this transaction, JANSEN MATTHEW J now holds 74,065 shares worth roughly $3.31 million.
Then, Stoffel Kurt bought 8,000 shares, generating $332,960 in total proceeds. Upon buying the shares at $41.62, the Director now owns 10,571 shares.
Before that, MANZI JOSEPH bought 1,025 shares. Darling Ingredients Inc shares valued at $44,464 were divested by the Chief Accounting Officer at a price of $43.38 per share. As a result of the transaction, MANZI JOSEPH now holds 6,978 shares, worth roughly $0.31 million.
Citigroup initiated its Darling Ingredients Inc [DAR] rating to a Neutral in a research note published on February 01, 2024; the price target was $49. A number of analysts have revised their coverage, including Tudor Pickering Holt & Co.’s analysts, who decreased its forecast for the stock in mid October from “a Buy” to “a Hold”. Stephens revised its rating on January 17, 2023. It rated DAR as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of DAR
On Friday, Darling Ingredients Inc [NYSE:DAR] saw its stock fall -0.62% to $44.64. Over the last five days, the stock has lost -4.02%. Darling Ingredients Inc shares have fallen nearly -10.43% since the year began. Nevertheless, the stocks have fallen -21.81% over the past one year. While a 52-week high of $71.60 was reached on 01/02/24, a 52-week low of $38.97 was recorded on 02/28/24. SMA at 50 days reached $43.54, while 200 days put it at $50.94. A total of 1.93 million shares were traded, compared to the trading of 2.54 million shares in the previous session.
Levels Of Support And Resistance For DAR Stock
The 24-hour chart illustrates a support level at 44.11, which if violated will result in even more drops to 43.59. On the upside, there is a resistance level at 45.18. A further resistance level may holdings at 45.73. The Relative Strength Index (RSI) on the 14-day chart is 50.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.67%. Stochastics %K at 29.40% indicates the stock is a holding.
How much short interest is there in Darling Ingredients Inc?
A steep rise in short interest was recorded in Darling Ingredients Inc stocks on Mar 15, 2024, growing by 0.56 million shares to a total of 8.04 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 7.48 million shares. There was a rise of 6.97%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.77% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.47.
The most recent change occurred on October 19, 2022 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $102 price target.
