In a filing, Darling Ingredients Inc revealed its Chairman and CEO STUEWE RANDALL C unloaded Company’s shares for reported $1.04 million on Nov 19 ’24. In the deal valued at $41.95 per share,24,710 shares were sold. As a result of this transaction, STUEWE RANDALL C now holds 693,848 shares worth roughly $27.78 million.
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Then, STUEWE RANDALL C sold 290 shares, generating $12,470 in total proceeds. Upon selling the shares at $43.00, the Chairman and CEO now owns 718,558 shares.
Before that, Randall C. Stuewe bought 25,000 shares. Darling Ingredients Inc shares valued at $1,076,250 were divested by the CEO at a price of $43.05 per share.
TD Cowen reiterated its Darling Ingredients Inc [DAR] rating to a Hold in a research note published on September 13, 2024; the price target was $43. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in mid June from “a Neutral” to “a Buy”. Citigroup began covering DAR with “Neutral” recommendation on February 01, 2024. Tudor Pickering Holt & Co. revised its rating on October 13, 2023. It rated DAR as “a Hold” which previously was an “a Buy”.
Price Performance Review of DAR
On Monday, Darling Ingredients Inc [NYSE:DAR] saw its stock fall -0.22% to $40.04. Over the last five days, the stock has lost -5.77%. Darling Ingredients Inc shares have fallen nearly -19.66% since the year began. Nevertheless, the stocks have fallen -7.53% over the past one year. While a 52-week high of $51.36 was reached on 01/02/24, a 52-week low of $32.67 was recorded on 09/11/24. SMA at 50 days reached $38.54, while 200 days put it at $40.12.
Levels Of Support And Resistance For DAR Stock
The 24-hour chart illustrates a support level at 39.51, which if violated will result in even more drops to 38.97. On the upside, there is a resistance level at 40.93. A further resistance level may holdings at 41.81. The Relative Strength Index (RSI) on the 14-day chart is 48.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.56%. Stochastics %K at 58.88% indicates the stock is a holding.
How much short interest is there in Darling Ingredients Inc?
A steep rise in short interest was recorded in Darling Ingredients Inc stocks on 2024-10-31, growing by 0.42 million shares to a total of 10.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 10.55 million shares. There was a rise of 3.85%, which implies that there is a positive sentiment for the stock.