The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Darling Ingredients Inc shares valued at $256,560 were purchased by JANSEN MATTHEW J on Mar 04 ’24. At $42.76 per share, JANSEN MATTHEW J acquired 6,000 shares. The insider’s holdings grew to 74,065 shares worth approximately $3.52 million following the completion of this transaction.
Also, Stoffel Kurt purchased 8,000 shares, netting a total of over 332,960 in proceeds. Following the buying of shares at $41.62 each, the insider now holds 10,571 shares.
Before that, MANZI JOSEPH had added 1,025 shares to its account. In a trade valued at $44,464, the Chief Accounting Officer bought Darling Ingredients Inc shares for $43.38 each. Upon closing the transaction, the insider’s holdings increased to 1,025 shares, worth approximately $0.33 million.
As published in their initiating research note from Citigroup on February 01, 2024, Darling Ingredients Inc [DAR] has been a Neutral and the price target has been revised to $49. Analysts at Tudor Pickering Holt & Co. downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid October. Earlier on January 17, 2023, Stephens downgraded its rating. Their new recommendation was “an Equal-weight” for DAR stock which previously was a “an Overweight”.
Analyzing DAR Stock Performance
During the last five days, there has been a surge of approximately 9.91%. Over the course of the year, Darling Ingredients Inc shares have dropped approximately -4.51%. Shares of the company reached a 52-week high of $51.12 on 01/02/24 and a 52-week low of $40.04 on 02/28/24. A 50-day SMA is recorded $43.72, while a 200-day SMA reached $50.76. Nevertheless, trading volume fell to 3.82 million shares from 3.45 million shares the previous day.
Support And Resistance Levels for Darling Ingredients Inc (DAR)
According to the 24-hour chart, there is a support level at 46.64, which, if violated, would cause prices to drop to 45.68. In the upper region, resistance lies at 48.47. The next price resistance is at 49.34. RSI (Relative Strength Index) is 61.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.67, which suggests the price will increase in the coming days. Percent R is at 15.53%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Darling Ingredients Inc subject to short interest?
Stocks of Darling Ingredients Inc saw a sharp rise in short interest on Mar 28, 2024 jumping by 1.64 million shares to 8.94 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 7.3 million shares. A jump of 18.34% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.52 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.52.
