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Recent Insider Activity Could Benefit Delek US Holdings Inc (DK)

Delek US Holdings Inc’s filing revealed that its CFO Spiegel Reuven unloaded Company’s shares for reported $24825.0 on Apr 08 ’24. In the deal valued at $33.10 per share,750 shares were sold. As a result of this transaction, Spiegel Reuven now holds 53,982 shares worth roughly $1.51 million.

Then, Tolson Laurie Z. sold 603 shares, generating $15,937 in total proceeds. Upon selling the shares at $26.43, the Director now owns 10,530 shares.

Before that, Spiegel Reuven sold 750 shares. Delek US Holdings Inc shares valued at $19,508 were divested by the CFO at a price of $26.01 per share. As a result of the transaction, Spiegel Reuven now holds 55,161 shares, worth roughly $1.54 million.

TD Cowen reiterated its Delek US Holdings Inc [DK] rating to a Market perform in a research note published on February 28, 2024; the price target was $24. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late January with a ‘”a Neutral”‘ rating. Goldman also remained covering DK and has decreased its forecast on March 29, 2023 with a “Neutral” recommendation from previously “Buy” rating. UBS started covering the stock on March 09, 2023. It rated DK as “a Neutral”.

Price Performance Review of DK

On Tuesday, Delek US Holdings Inc [NYSE:DK] saw its stock jump 4.61% to $27.92. Over the last five days, the stock has gained 2.16%. Delek US Holdings Inc shares have risen nearly 8.22% since the year began. Nevertheless, the stocks have risen 34.04% over the past one year. While a 52-week high of $33.60 was reached on 04/05/24, a 52-week low of $20.89 was recorded on 01/18/24. SMA at 50 days reached $29.02, while 200 days put it at $27.47. A total of 2.83 million shares were traded, compared to the trading of 1.17 million shares in the previous session.

Levels Of Support And Resistance For DK Stock

The 24-hour chart illustrates a support level at 26.93, which if violated will result in even more drops to 25.95. On the upside, there is a resistance level at 29.02. A further resistance level may holdings at 30.13. The Relative Strength Index (RSI) on the 14-day chart is 41.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.64%. Stochastics %K at 22.35% indicates the stock is a holding.

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