DraftKings Inc.’s recent filing unveils that its insider Robins Jason unloaded Company’s shares for reported $8.18 million on Feb 21 ’24. In the deal valued at $40.89 per share,200,000 shares were sold. As a result of this transaction, Robins Jason now holds 3,195,812 shares worth roughly $ 130.01 million.
Then, Dodge R Stanton sold 686,101 shares, generating $29,543,509 in total proceeds. Upon selling the shares at $43.06, the Chief Legal Officer now owns 200,239 shares.
Before that, Robins Jason sold 450,000 shares. DraftKings Inc. shares valued at $19,377,000 were divested by the insider at a price of $43.06 per share. As a result of the transaction, Robins Jason now holds 3,373,637 shares, worth roughly $137.24 million.
Goldman initiated its DraftKings Inc. [DKNG] rating to a Buy in a research note published on April 16, 2024; the price target was $60. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late March has reiterated a ‘”a Buy”‘ rating for it. Mizuho began covering DKNG with “Buy” recommendation on March 26, 2024. Susquehanna maintained its rating on March 25, 2024. It rated DKNG as “a Positive”.
Price Performance Review of DKNG
On Friday, DraftKings Inc. [NASDAQ:DKNG] saw its stock fall -2.31% to $40.68. Over the last five days, the stock has lost -8.01%. DraftKings Inc. shares have risen nearly 15.40% since the year began. Nevertheless, the stocks have risen 90.18% over the past one year. While a 52-week high of $49.57 was reached on 03/27/24, a 52-week low of $20.26 was recorded on 01/04/24. SMA at 50 days reached $43.71, while 200 days put it at $35.33. A total of 11.69 million shares were traded, compared to the trading of 10.9 million shares in the previous session.
Levels Of Support And Resistance For DKNG Stock
The 24-hour chart illustrates a support level at 39.78, which if violated will result in even more drops to 38.88. On the upside, there is a resistance level at 42.02. A further resistance level may holdings at 43.36. The Relative Strength Index (RSI) on the 14-day chart is 36.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.95%. Stochastics %K at 4.31% indicates the stock is a buying.
The most recent change occurred on February 28, 2024 when Morgan Stanley resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $49.
