Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. DraftKings Inc shares valued at $3,220,250 were sold by Liberman Paul on Oct 25 ’24. At $36.41 per share, Liberman Paul sold 88,441 shares. The insider’s holdings dropped to 1,923,483 shares worth approximately $74.98 million following the completion of this transaction.
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Also, Liberman Paul purchased 88,441 shares, netting a total of over 3,269,664 in proceeds.
Before that, Liberman Paul had sold 643,654 shares from its account. In a trade valued at $26,545,315, the insider traded DraftKings Inc shares for $41.24 each. Upon closing the transaction, the insider’s holdings decreased to 643,654 shares, worth approximately $5.35 million.
As published in a research note from Mizuho on October 18, 2024, DraftKings Inc [DKNG] has been retained to an Outperform and the price target has been revised to $62. Analysts at Susquehanna resumed the stock at ‘”a Positive”‘ outlook in a report released in early October. As of September 10, 2024, Exane BNP Paribas has increased its “an Underperform” rating to a “Neutral” for DKNG. Earlier on September 04, 2024, UBS resumed its rating. Their recommendation was “a Buy” for DKNG stock.
Analyzing DKNG Stock Performance
During the last five days, there has been a surge of approximately 10.36%. Over the course of the year, DraftKings Inc shares have jumped approximately 10.58%. Shares of the company reached a 52-week high of $49.57 on 03/27/24 and a 52-week low of $28.69 on 08/05/24. A 50-day SMA is recorded $37.54, while a 200-day SMA reached $39.50. Nevertheless, trading volume fell to 24.14 million shares from 13.21 million shares the previous day.
Support And Resistance Levels for DraftKings Inc (DKNG)
According to the 24-hour chart, there is a support level at 38.39, which, if violated, would cause prices to drop to 37.81. In the upper region, resistance lies at 39.47. The next price resistance is at 39.97. RSI (Relative Strength Index) is 59.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.09, which suggests the price will increase in the coming days. Percent R is at 9.35%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
