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 $7,800,000 were sold by Liberman Paul on Jan 10 ’25. At $39.00 per share, Liberman Paul sold 200,000 shares. The insider’s holdings dropped to 1,342,722 shares worth approximately $51.99 million following the completion of this transaction.
Also, Liberman Paul sold 532,095 shares, netting a total of over 20,379,238 in proceeds. Following the sale of shares at $38.30 each, the insider now holds 68,654 shares.
Before that, Liberman Paul had added 732,095 shares to its account. In a trade valued at $27,944,066, the Officer bought DraftKings Inc shares for $38.17 each.
As published in a research note from Susquehanna on January 08, 2025, DraftKings Inc [DKNG] has been retained to a Positive and the price target has been revised to $54. Analysts at Mizuho resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid October. As of October 07, 2024, Susquehanna has reiterated its “Positive” rating for DKNG. Earlier on September 10, 2024, Exane BNP Paribas upgraded its rating. Their new recommendation was “a Neutral” for DKNG stock which previously was a “an Underperform”.
Analyzing DKNG Stock Performance
During the last five days, there has been a surge of approximately 3.64%. Over the course of the year, DraftKings Inc shares have jumped approximately 4.09%. Shares of the company reached a 52-week high of $41.76 on 01/15/25 and a 52-week low of $35.96 on 01/03/25. A 50-day SMA is recorded $40.43, while a 200-day SMA reached $39.06. Nevertheless, trading volume fell to 15.54 million shares from 7.36 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 37.64, which, if violated, would cause prices to drop to 36.55. In the upper region, resistance lies at 40.78. The next price resistance is at 42.84. RSI (Relative Strength Index) is 47.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.37, which suggests the price will increase in the coming days. Percent R is at 52.37%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
