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Taking a Closer Look At Delek US Holdings Inc (DK) Following Its Recent Trade

Delek US Holdings Inc’s recently made public that its CFO Spiegel Reuven unloaded Company’s shares for reported $20730.0 on May 08 ’24. In the deal valued at $27.64 per share,750 shares were sold. As a result of this transaction, Spiegel Reuven now holds 53,232 shares worth roughly $1.47 million.

Then, Spiegel Reuven sold 750 shares, generating $24,825 in total proceeds. Upon selling the shares at $33.10, the CFO now owns 53,982 shares.

Before that, Tolson Laurie Z. sold 603 shares. Delek US Holdings Inc shares valued at $15,937 were divested by the Director at a price of $26.43 per share. As a result of the transaction, Tolson Laurie Z. now holds 10,530 shares, worth roughly $0.29 million.

TD Cowen reiterated its Delek US Holdings Inc [DK] rating to a Hold in a research note published on May 08, 2024; the price target was $25. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late February has reiterated a ‘”a Market perform”‘ rating for it. Citigroup began covering DK with “Neutral” recommendation on January 24, 2024. Goldman revised its rating on March 29, 2023. It rated DK as “a Neutral” which previously was an “a Buy”.

Price Performance Review of DK

On Friday, Delek US Holdings Inc [NYSE:DK] saw its stock fall -1.21% to $27.66. Over the last five days, the stock has gained 2.79%. Delek US Holdings Inc shares have risen nearly 7.21% since the year began. Nevertheless, the stocks have risen 24.43% over the past one year. While a 52-week high of $33.60 was reached on 04/05/24, a 52-week low of $21.26 was recorded on 01/18/24. SMA at 50 days reached $29.17, while 200 days put it at $27.50. A total of 0.9 million shares were traded, compared to the trading of 0.92 million shares in the previous session.

Levels Of Support And Resistance For DK Stock

The 24-hour chart illustrates a support level at 27.37, which if violated will result in even more drops to 27.09. On the upside, there is a resistance level at 28.12. A further resistance level may holdings at 28.59. The Relative Strength Index (RSI) on the 14-day chart is 40.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.06%. Stochastics %K at 42.20% indicates the stock is a holding.

The most recent change occurred on March 09, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $29 price target.

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