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Buying Buzz: Delek US Holdings Inc [DK] SVP & Deputy CFO Wright Robert G. acquires 948 shares of the company

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 $22,499 were purchased by Wright Robert G. on Apr 03 ’24. At $23.73 per share, Wright Robert G. acquired 948 shares. The insider’s holdings grew to 18,526 shares worth approximately $0.3 million following the completion of this transaction.

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Also, Marcogliese Richard J purchased 530 shares, netting a total of over 10,854 in proceeds. Following the buying of shares at $20.48 each, the insider now holds 43,393 shares.

Before that, Soreq Avigal had added 5,651 shares to its account. In a trade valued at $115,393, the President & CEO bought Delek US Holdings Inc shares for $20.42 each. Upon closing the transaction, the insider’s holdings increased to 5,651 shares, worth approximately $3.03 million.

Analysts at Mizuho upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid September. As of September 10, 2024, JP Morgan has increased its “an Underweight” rating to a “Neutral” for DK. Earlier on August 08, 2024, TD Cowen resumed its rating. Their recommendation was “a Sell” for DK stock.

Analyzing DK Stock Performance

During the last five days, there has been a drop of approximately -3.44%. Over the course of the year, Delek US Holdings Inc shares have dropped approximately -37.91%. Shares of the company reached a 52-week high of $33.60 on 04/05/24 and a 52-week low of $15.93 on 10/30/24. A 50-day SMA is recorded $18.97, while a 200-day SMA reached $24.44. Nevertheless, trading volume fell to 0.89 million shares from 1.53 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 15.86, which, if violated, would cause prices to drop to 15.69. In the upper region, resistance lies at 16.26. The next price resistance is at 16.49. RSI (Relative Strength Index) is 30.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.81, which suggests the price will decrease in the coming days. Percent R is at 97.61%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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