The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. DraftKings Inc shares valued at $137,735 were purchased by Jason Robins – Robins Family L on Nov 21 ’24. At $43.71 per share, Jason Robins – Robins Family L acquired 3,151 shares.
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Also, Matthew Kalish purchased 785,000 shares, netting a total of over 32,875,800 in proceeds.
Before that, Liberman Paul had sold 88,441 shares from its account. In a trade valued at $3,220,250, the insider traded DraftKings Inc shares for $36.41 each. Upon closing the transaction, the insider’s holdings decreased to 88,441 shares, worth approximately $83.77 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 5.86%. Over the course of the year, DraftKings Inc shares have jumped approximately 23.55%. 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 $38.81, while a 200-day SMA reached $39.58. Nevertheless, trading volume fell to 6.1 million shares from 6.42 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 43.15, which, if violated, would cause prices to drop to 42.76. In the upper region, resistance lies at 44.21. The next price resistance is at 44.88. RSI (Relative Strength Index) is 65.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.79, which suggests the price will increase in the coming days. Percent R is at 9.91%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
