DraftKings Inc.’s recently made public that its insider Liberman Paul unloaded Company’s shares for reported $25.97 million on Jun 25 ’24. In the deal valued at $38.83 per share,668,890 shares were sold. As a result of this transaction, Liberman Paul now holds 205,962 shares worth roughly $7.86 million.
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Then, SLOAN HARRY sold 250,000 shares, generating $9,537,500 in total proceeds. Upon selling the shares at $38.15, the Director now owns 250,000 shares.
Before that, Moore Jocelyn sold 1,403 shares. DraftKings Inc. shares valued at $51,434 were divested by the Director at a price of $36.66 per share. As a result of the transaction, Moore Jocelyn now holds 5,411 shares, worth roughly $0.21 million.
Needham reiterated its DraftKings Inc. [DKNG] rating to a Buy in a research note published on May 06, 2024; the price target was $60. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. Needham also remained covering DKNG and reiterated its “Buy” recommendation on March 27, 2024. Mizuho started covering the stock on March 26, 2024. It rated DKNG as “a Buy”.
Price Performance Review of DKNG
On Friday, DraftKings Inc. [NASDAQ:DKNG] saw its stock jump 2.86% to $38.17. Over the last five days, the stock has lost -9.10%. DraftKings Inc. shares have risen nearly 8.28% since the year began. Nevertheless, the stocks have risen 48.75% over the past one year. While a 52-week high of $49.57 was reached on 03/27/24, a 52-week low of $24.97 was recorded on 01/04/24. SMA at 50 days reached $40.63, while 200 days put it at $37.95. A total of 13.79 million shares were traded, compared to the trading of 7.76 million shares in the previous session.
Levels Of Support And Resistance For DKNG Stock
The 24-hour chart illustrates a support level at 37.22, which if violated will result in even more drops to 36.27. On the upside, there is a resistance level at 38.71. A further resistance level may holdings at 39.25. The Relative Strength Index (RSI) on the 14-day chart is 44.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.58%. Stochastics%K at 12.74% indicates the stock is a buying.
The most recent change occurred on March 25, 2024 when Susquehanna resumed its ‘”a Positive”‘ rating for the stock and retained the price target to $54.
