DraftKings Inc.’s filing revealed that its insider Robins Jason unloaded Company’s shares for reported $8.18 million on Apr 22 ’24. In the deal valued at $40.91 per share,200,000 shares were sold. As a result of this transaction, Robins Jason now holds 3,043,231 shares worth roughly $127.27 million.
Then, Robins Jason sold 200,000 shares, generating $8,178,308 in total proceeds. Upon selling the shares at $40.89, the insider now owns 3,195,812 shares.
Before that, Dodge R Stanton sold 686,101 shares. DraftKings Inc. shares valued at $29,543,509 were divested by the Chief Legal Officer at a price of $43.06 per share. As a result of the transaction, Dodge R Stanton now holds 200,239 shares, worth roughly $8.37 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 -2.81% to $41.82. Over the last five days, the stock has lost -3.04%. DraftKings Inc. shares have risen nearly 18.64% since the year began. Nevertheless, the stocks have risen 90.78% over the past one year. While a 52-week high of $49.57 was reached on 03/27/24, a 52-week low of $21.07 was recorded on 01/04/24. SMA at 50 days reached $43.50, while 200 days put it at $35.94. A total of 27.14 million shares were traded, compared to the trading of 15.55 million shares in the previous session.
Levels Of Support And Resistance For DKNG Stock
The 24-hour chart illustrates a support level at 40.28, which if violated will result in even more drops to 38.74. On the upside, there is a resistance level at 44.56. A further resistance level may holdings at 47.31. The Relative Strength Index (RSI) on the 14-day chart is 45.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.66%. Stochastics %K at 47.71% indicates the stock is a holding.
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.
