DraftKings Inc.’s recent filing unveils that its insider Liberman Paul unloaded Company’s shares for reported $26.55 million on Sep 25 ’24. In the deal valued at $41.24 per share,643,654 shares were sold. As a result of this transaction, Liberman Paul now holds 137,308 shares worth roughly $-5.21 million.
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Then, Liberman Paul bought 643,654 shares, generating $26,396,251 in total proceeds.
Before that, Liberman Paul sold 88,441 shares. DraftKings Inc. shares valued at $3,151,845 were divested by the insider at a price of $35.64 per share. As a result of the transaction, Liberman Paul now holds 2,498,483 shares, worth roughly $94.77 million.
Susquehanna reiterated its DraftKings Inc. [DKNG] rating to a Positive in a research note published on October 07, 2024; the price target was $50. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who increased its forecast for the stock in early September from “an Underperform” to “a Neutral”. UBS also remained covering DKNG and reiterated its “Buy” recommendation on September 04, 2024. Susquehanna maintained its rating on September 04, 2024. It rated DKNG as “a Positive”.
Price Performance Review of DKNG
On Monday, DraftKings Inc. [NASDAQ:DKNG] saw its stock fall -1.33% to $37.93. Over the last five days, the stock has gained 0.34%. DraftKings Inc. shares have risen nearly 7.60% since the year began. Nevertheless, the stocks have risen 28.75% over the past one year. While a 52-week high of $49.57 was reached on 03/27/24, a 52-week low of $25.73 was recorded on 08/05/24. SMA at 50 days reached $36.15, while 200 days put it at $39.31.
Levels Of Support And Resistance For DKNG Stock
The 24-hour chart illustrates a support level at 37.40, which if violated will result in even more drops to 36.87. On the upside, there is a resistance level at 38.52. A further resistance level may holdings at 39.11. The Relative Strength Index (RSI) on the 14-day chart is 49.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.59%. Stochastics %K at 20.36% indicates the stock is a holding.
How much short interest is there in DraftKings Inc.?
A steep rise in short interest was recorded in DraftKings Inc. stocks on 2024-09-30, growing by 1.23 million shares to a total of 24.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 23.45 million shares. There was a rise of 5.0%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 01, 2024 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $58.
