Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Darling Ingredients Inc shares valued at $1,497,686 were sold by STUEWE RANDALL C on May 20 ’24. At $42.84 per share, STUEWE RANDALL C sold 34,960 shares. The insider’s holdings dropped to 718,848 shares worth approximately $30.17 million following the completion of this transaction.
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Also, JANSEN MATTHEW J purchased 6,000 shares, netting a total of over 256,560 in proceeds. Following the buying of shares at $42.76 each, the insider now holds 74,065 shares.
Before that, Stoffel Kurt had added 8,000 shares to its account. In a trade valued at $332,960, the Director bought Darling Ingredients Inc shares for $41.62 each. Upon closing the transaction, the insider’s holdings increased to 8,000 shares, worth approximately $0.44 million.
As published in their initiating research note from Citigroup on February 01, 2024, Darling Ingredients Inc [DAR] has been a Neutral and the price target has been revised to $49. Analysts at Tudor Pickering Holt & Co. downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid October. Earlier on January 17, 2023, Stephens downgraded its rating. Their new recommendation was “an Equal-weight” for DAR stock which previously was a “an Overweight”.
Analyzing DAR Stock Performance
During the last five days, there has been a drop of approximately -3.63%. Over the course of the year, Darling Ingredients Inc shares have dropped approximately -15.79%. Shares of the company reached a 52-week high of $51.12 on 01/02/24 and a 52-week low of $40.04 on 02/28/24. A 50-day SMA is recorded $44.30, while a 200-day SMA reached $47.46. Nevertheless, trading volume fell to 2.91 million shares from 2.83 million shares the previous day.
Support And Resistance Levels for Darling Ingredients Inc (DAR)
According to the 24-hour chart, there is a support level at 41.57, which, if violated, would cause prices to drop to 41.18. In the upper region, resistance lies at 42.47. The next price resistance is at 42.98. RSI (Relative Strength Index) is 40.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.50, which suggests the price will decrease in the coming days. Percent R is at 94.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
