DraftKings Inc’s recently made public that its insider Liberman Paul unloaded Company’s shares for reported $3.22 million on Oct 25 ’24. In the deal valued at $36.41 per share,88,441 shares were sold. As a result of this transaction, Liberman Paul now holds 1,923,483 shares worth roughly $68.65 million.
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Then, Liberman Paul bought 88,441 shares, generating $3,269,664 in total proceeds.
Before that, Liberman Paul sold 643,654 shares. DraftKings Inc shares valued at $26,545,315 were divested by the insider at a price of $41.24 per share. As a result of the transaction, Liberman Paul now holds 137,308 shares, worth roughly $4.9 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 unchanged to $35.69. Over the last five days, the stock has lost -2.38%. DraftKings Inc shares have risen nearly 1.25% since the year began. Nevertheless, the stocks have risen 23.15% over the past one year. While a 52-week high of $49.57 was reached on 03/27/24, a 52-week low of $27.67 was recorded on 08/05/24. SMA at 50 days reached $37.36, while 200 days put it at $39.50.
Levels Of Support And Resistance For DKNG Stock
The 24-hour chart illustrates a support level at 35.11, which if violated will result in even more drops to 34.53. On the upside, there is a resistance level at 36.26. A further resistance level may holdings at 36.83. The Relative Strength Index (RSI) on the 14-day chart is 40.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.12%. Stochastics %K at 8.00% indicates the stock is a buying.
How much short interest is there in DraftKings Inc?
A steep rise in short interest was recorded in DraftKings Inc stocks on 2024-10-15, dropping by -0.95 million shares to a total of 24.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 25.8 million shares. There was a decline of -3.84%, which implies that there is a negative 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.
