Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Darling Ingredients Inc shares valued at $51,805 were purchased by McNutt Patrick on Aug 16 ’24. At $39.85 per share, McNutt Patrick acquired 1,300 shares. The insider’s holdings grew to 21,867 shares worth approximately $0.88 million following the completion of this transaction.
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Also, Day Robert W purchased 2,532 shares, netting a total of over 99,685 in proceeds. Following the buying of shares at $39.37 each, the insider now holds 12,607 shares.
Before that, STUEWE RANDALL C had sold 34,960 shares from its account. In a trade valued at $1,497,686, the Chairman and CEO traded Darling Ingredients Inc shares for $42.84 each. Upon closing the transaction, the insider’s holdings decreased to 34,960 shares, worth approximately $29.01 million.
As published in a research note from TD Cowen on September 13, 2024, Darling Ingredients Inc [DAR] has been retained to a Hold and the price target has been revised to $43. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid June. As of February 01, 2024, Citigroup has initiated its “Neutral” rating for DAR. Earlier on October 13, 2023, Tudor Pickering Holt & Co. downgraded its rating. Their new recommendation was “a Hold” for DAR stock which previously was a “a Buy”.
Analyzing DAR Stock Performance
During the last five days, there has been a surge of approximately 3.17%. Over the course of the year, Darling Ingredients Inc shares have dropped approximately -19.04%. Shares of the company reached a 52-week high of $51.12 on 01/02/24 and a 52-week low of $32.67 on 09/11/24. A 50-day SMA is recorded $37.49, while a 200-day SMA reached $40.21. Nevertheless, trading volume fell to 2.03 million shares from 4.33 million shares the previous day.
Support And Resistance Levels for Darling Ingredients Inc (DAR)
According to the 24-hour chart, there is a support level at 39.30, which, if violated, would cause prices to drop to 38.26. In the upper region, resistance lies at 40.90. The next price resistance is at 41.46. RSI (Relative Strength Index) is 61.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.75, which suggests the price will decrease in the coming days. Percent R is at 13.21%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
