Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Darling Ingredients Inc shares valued at $1,036,585 were sold by STUEWE RANDALL C on Nov 19 ’24. At $41.95 per share, STUEWE RANDALL C sold 24,710 shares. The insider’s holdings dropped to 693,848 shares worth approximately $25.35 million following the completion of this transaction.
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Also, STUEWE RANDALL C sold 290 shares, netting a total of over 12,470 in proceeds. Following the sale of shares at $43.00 each, the insider now holds 718,558 shares.
Before that, Randall C. Stuewe had added 25,000 shares to its account. In a trade valued at $1,076,250, the CEO bought Darling Ingredients Inc shares for $43.05 each.
As published in a research note from TD Cowen on September 13, 2024, Darling Ingredients Inc [DAR] has been retained to a Hold and the price target has been revised to $43. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid June. As of February 01, 2024, Citigroup has initiated its “Neutral” rating for DAR. Earlier on October 13, 2023, Tudor Pickering Holt & Co. downgraded its rating. Their new recommendation was “a Hold” for DAR stock which previously was a “a Buy”.
Analyzing DAR Stock Performance
During the last five days, there has been a drop of approximately -11.12%. Over the course of the year, Darling Ingredients Inc shares have dropped approximately -26.69%. Shares of the company reached a 52-week high of $51.12 on 01/02/24 and a 52-week low of $32.67 on 09/11/24. A 50-day SMA is recorded $38.88, while a 200-day SMA reached $40.04. Nevertheless, trading volume fell to 4.03 million shares from 11544.0 shares the previous day.
Support And Resistance Levels for Darling Ingredients Inc (DAR)
According to the 24-hour chart, there is a support level at 35.29, which, if violated, would cause prices to drop to 34.05. In the upper region, resistance lies at 37.61. The next price resistance is at 38.68. RSI (Relative Strength Index) is 33.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.62, which suggests the price will decrease in the coming days. Percent R is at 83.03%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
