Darling Ingredients Inc’s recently made public that 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 $3.29 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 -2.29% to $44.39. Over the last five days, the stock has lost -0.56%. Darling Ingredients Inc shares have fallen nearly -10.93% since the year began. Nevertheless, the stocks have fallen -24.79% 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 $43.76, while 200 days put it at $50.61. A total of 1.67 million shares were traded, compared to the trading of 2.17 million shares in the previous session.
Levels Of Support And Resistance For DAR Stock
The 24-hour chart illustrates a support level at 43.80, which if violated will result in even more drops to 43.20. On the upside, there is a resistance level at 45.31. A further resistance level may holdings at 46.22. The Relative Strength Index (RSI) on the 14-day chart is 47.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.67%. Stochastics %K at 49.77% indicates the stock is a holding.
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.
