Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DraftKings Inc shares valued at $32,875,800 were purchased by Matthew Kalish on Nov 14 ’24. At $41.88 per share, Matthew Kalish acquired 785,000 shares.
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Also, Liberman Paul sold 88,441 shares, netting a total of over 3,220,250 in proceeds. Following the sale of shares at $36.41 each, the insider now holds 1,923,483 shares.
Before that, Liberman Paul had added 88,441 shares to its account. In a trade valued at $3,269,664, the Officer bought DraftKings Inc shares for $36.97 each.
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 5.54%. Over the course of the year, DraftKings Inc shares have jumped approximately 16.71%. 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 $38.26, while a 200-day SMA reached $39.56. Nevertheless, trading volume fell to 6.54 million shares from 12.02 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 40.77, which, if violated, would cause prices to drop to 40.41. In the upper region, resistance lies at 41.80. The next price resistance is at 42.47. RSI (Relative Strength Index) is 61.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.10, which suggests the price will increase in the coming days. Percent R is at 26.61%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
