DraftKings Inc.’s filing revealed 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 $5.1 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 $92.84 million.
Mizuho reiterated its DraftKings Inc. [DKNG] rating to an Outperform in a research note published on October 18, 2024; the price target was $62. A number of analysts have revised their coverage, including Susquehanna’s analysts, who remained covering the stock and in early October has reiterated a ‘”a Positive”‘ rating for it. Exane BNP Paribas also remained covering DKNG and has increased its forecast on September 10, 2024 with a “Neutral” recommendation from previously “an Underperform” rating. UBS maintained its rating on September 04, 2024. It rated DKNG as “a Buy”.
Price Performance Review of DKNG
On Monday, DraftKings Inc. [NASDAQ:DKNG] saw its stock fall -3.38% to $37.16. Over the last five days, the stock has lost -2.03%. DraftKings Inc. shares have risen nearly 5.42% since the year began. Nevertheless, the stocks have risen 34.05% 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 $36.84, while 200 days put it at $39.40.
Levels Of Support And Resistance For DKNG Stock
The 24-hour chart illustrates a support level at 36.42, which if violated will result in even more drops to 35.67. On the upside, there is a resistance level at 38.08. A further resistance level may holdings at 39.00. The Relative Strength Index (RSI) on the 14-day chart is 46.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.81%. Stochastics %K at 43.28% 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 September 04, 2024 when Susquehanna resumed its ‘”a Positive”‘ rating for the stock and retained the price target to $48.
