Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Delek US Holdings Inc shares valued at $10,854 were purchased by Marcogliese Richard J on Aug 20 ’24. At $20.48 per share, Marcogliese Richard J acquired 530 shares. The insider’s holdings grew to 43,393 shares worth approximately $0.86 million following the completion of this transaction.
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Also, Soreq Avigal purchased 5,651 shares, netting a total of over 115,393 in proceeds. Following the buying of shares at $20.42 each, the insider now holds 188,881 shares.
Before that, Spiegel Reuven had sold 750 shares from its account. In a trade valued at $15,255, the CFO traded Delek US Holdings Inc shares for $20.34 each. Upon closing the transaction, the insider’s holdings decreased to 750 shares, worth approximately $0.97 million.
As published in a research note from TD Cowen on August 08, 2024, Delek US Holdings Inc [DK] has been retained to a Sell and the price target has been revised to $18. As of June 10, 2024, TD Cowen has decreased its “Hold” rating to a “Sell” for DK. Earlier on May 08, 2024, TD Cowen resumed its rating. Their recommendation was “a Hold” for DK stock.
Analyzing DK Stock Performance
During the last five days, there has been a surge of approximately 0.25%. Over the course of the year, Delek US Holdings Inc shares have dropped approximately -23.49%. Shares of the company reached a 52-week high of $33.60 on 04/05/24 and a 52-week low of $19.33 on 08/06/24. A 50-day SMA is recorded $21.99, while a 200-day SMA reached $25.97. Nevertheless, trading volume fell to 1.33 million shares from 1.41 million shares the previous day.
Support And Resistance Levels for Delek US Holdings Inc (DK)
According to the 24-hour chart, there is a support level at 19.43, which, if violated, would cause prices to drop to 19.13. In the upper region, resistance lies at 20.32. The next price resistance is at 20.91. RSI (Relative Strength Index) is 39.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.14, which suggests the price will decrease in the coming days. Percent R is at 88.19%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
