DraftKings Inc’s recent filing unveils 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 $83.11 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 $5.93 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 jump 7.68% to $43.21. Over the last five days, the stock has gained 21.07%. DraftKings Inc shares have risen nearly 22.58% since the year began. Nevertheless, the stocks have risen 24.13% over the past one year. While a 52-week high of $49.57 was reached on 03/27/24, a 52-week low of $28.69 was recorded on 08/05/24. SMA at 50 days reached $37.83, while 200 days put it at $39.53.
Levels Of Support And Resistance For DKNG Stock
The 24-hour chart illustrates a support level at 41.75, which if violated will result in even more drops to 40.29. On the upside, there is a resistance level at 44.00. A further resistance level may holdings at 44.79. The Relative Strength Index (RSI) on the 14-day chart is 73.35, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.46%. Stochastics %K at 89.70% indicates the stock is a selling.
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.
