DraftKings Inc.’s recently made public that its Officer Liberman Paul acquired Company’s shares for reported $3.24 million on Aug 26 ’24. In the deal valued at $36.60 per share,88,441 shares were bought.
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Then, Robins Jason sold 200,000 shares, generating $7,050,585 in total proceeds. Upon selling the shares at $35.25, the insider now owns 2,678,082 shares.
Before that, Robins Jason bought 200,000 shares. DraftKings Inc. shares valued at $6,960,000 were divested by the Officer at a price of $34.80 per share.
Oppenheimer reiterated its DraftKings Inc. [DKNG] rating to an Outperform in a research note published on July 01, 2024; the price target was $58. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early May has reiterated a ‘”a Buy”‘ rating for it. Goldman began covering DKNG with “Buy” recommendation on April 16, 2024. Needham maintained its rating on March 27, 2024. It rated DKNG as “a Buy”.
Price Performance Review of DKNG
On Monday, DraftKings Inc. [NASDAQ:DKNG] saw its stock fall -3.52% to $35.09. Over the last five days, the stock has gained 1.98%. DraftKings Inc. shares have fallen nearly -0.45% since the year began. Nevertheless, the stocks have risen 28.77% over the past one year. While a 52-week high of $49.57 was reached on 03/27/24, a 52-week low of $25.73 was recorded on 08/05/24. SMA at 50 days reached $36.27, while 200 days put it at $39.15.
Levels Of Support And Resistance For DKNG Stock
The 24-hour chart illustrates a support level at 34.56, which if violated will result in even more drops to 34.02. On the upside, there is a resistance level at 36.13. A further resistance level may holdings at 37.17. The Relative Strength Index (RSI) on the 14-day chart is 51.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.09%. Stochastics %K at 87.00% indicates the stock is a selling.
How much short interest is there in DraftKings Inc.?
A steep rise in short interest was recorded in DraftKings Inc. stocks on 2024-07-31, dropping by -3.56 million shares to a total of 19.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 23.32 million shares. There was a decline of -18.03%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 26, 2024 when Mizuho began covering the stock and recommended ‘”a Buy”‘ rating along with a $58 price target.
