DraftKings Inc’s recently made public that its Officer Matthew Kalish acquired Company’s shares for reported $32.88 million on Nov 14 ’24. In the deal valued at $41.88 per share,785,000 shares were bought.
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Then, Liberman Paul sold 88,441 shares, generating $3,220,250 in total proceeds. Upon selling the shares at $36.41, the insider now owns 1,923,483 shares.
Before that, Liberman Paul bought 88,441 shares. DraftKings Inc shares valued at $3,269,664 were divested by the Officer at a price of $36.97 per share.
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 6.30% to $42.35. Over the last five days, the stock has lost -1.99%. DraftKings Inc shares have risen nearly 20.14% since the year began. Nevertheless, the stocks have risen 13.51% 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 $38.48, while 200 days put it at $39.56.
Levels Of Support And Resistance For DKNG Stock
The 24-hour chart illustrates a support level at 40.70, which if violated will result in even more drops to 39.04. On the upside, there is a resistance level at 43.25. A further resistance level may holdings at 44.14. The Relative Strength Index (RSI) on the 14-day chart is 62.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.91%. Stochastics %K at 73.03% indicates the stock is a holding.
How much short interest is there in DraftKings Inc?
A steep rise in short interest was recorded in DraftKings Inc stocks on 2024-10-31, dropping by -0.28 million shares to a total of 24.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 24.68 million shares. There was a decline of -1.15%, 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.
