In a filing, DraftKings Inc revealed its Chief Legal Officer Dodge R Stanton unloaded Company’s shares for reported $9.77 million on Dec 09 ’24. In the deal valued at $42.74 per share,228,496 shares were sold. As a result of this transaction, Dodge R Stanton now holds 541,884 shares worth roughly $20.78 million.
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Then, Robert Stanton Dodge bought 500,000 shares, generating $21,895,000 in total proceeds.
Before that, Dodge R Stanton bought 228,496 shares. DraftKings Inc shares valued at $9,766,819 were divested by the Officer at a price of $42.74 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 fall -4.98% to $38.34. Over the last five days, the stock has lost -2.29%. DraftKings Inc shares have risen nearly 8.77% since the year began. Nevertheless, the stocks have risen 9.20% 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 $40.14, while 200 days put it at $39.51.
Levels Of Support And Resistance For DKNG Stock
The 24-hour chart illustrates a support level at 37.60, which if violated will result in even more drops to 36.85. On the upside, there is a resistance level at 39.74. A further resistance level may holdings at 41.13. The Relative Strength Index (RSI) on the 14-day chart is 39.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.82%. Stochastics %K at 14.61% indicates the stock is a buying.
How much short interest is there in DraftKings Inc?
A steep rise in short interest was recorded in DraftKings Inc stocks on 2024-11-29, dropping by -4.78 million shares to a total of 19.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 24.4 million shares. There was a decline of -24.35%, 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.
