DraftKings Inc’s recently made public that its insider Liberman Paul unloaded Company’s shares for reported $20.38 million on Dec 26 ’24. In the deal valued at $38.30 per share,532,095 shares were sold. As a result of this transaction, Liberman Paul now holds 68,654 shares worth roughly $2.57 million.
Then, Liberman Paul bought 732,095 shares, generating $27,944,066 in total proceeds.
Before that, Dodge R Stanton sold 228,496 shares. DraftKings Inc shares valued at $9,765,919 were divested by the Chief Legal Officer at a price of $42.74 per share. As a result of the transaction, Dodge R Stanton now holds 541,884 shares, worth roughly $20.29 million.
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 Friday, DraftKings Inc [NASDAQ:DKNG] saw its stock jump 3.20% to $37.45. Over the last five days, the stock has lost -2.63%. DraftKings Inc shares have risen nearly 0.67% since the year began. Nevertheless, the stocks have risen 16.27% over the past one year. While a 52-week high of $49.57 was reached on 01/02/25, a 52-week low of $28.69 was recorded on 01/03/25. SMA at 50 days reached $40.12, while 200 days put it at $39.34.
Levels Of Support And Resistance For DKNG Stock
The 24-hour chart illustrates a support level at 36.45, which if violated will result in even more drops to 35.44. On the upside, there is a resistance level at 37.97. A further resistance level may holdings at 38.48. The Relative Strength Index (RSI) on the 14-day chart is 39.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.57%. Stochastics %K at 12.72% 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 2024-12-13, dropping by -3.74 million shares to a total of 18.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 22.56 million shares. There was a decline of -19.9%, 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.
