DraftKings Inc’s recently made public that its insider Liberman Paul unloaded Company’s shares for reported $7.8 million on Jan 10 ’25. In the deal valued at $39.00 per share,200,000 shares were sold. As a result of this transaction, Liberman Paul now holds 1,342,722 shares worth roughly $55.74 million.
Then, Liberman Paul sold 532,095 shares, generating $20,379,238 in total proceeds. Upon selling the shares at $38.30, the insider now owns 68,654 shares.
Before that, Liberman Paul bought 732,095 shares. DraftKings Inc shares valued at $27,944,066 were divested by the Officer at a price of $38.17 per share.
Susquehanna reiterated its DraftKings Inc [DKNG] rating to a Positive in a research note published on January 08, 2025; the price target was $54. A number of analysts have revised their coverage, including Mizuho’s analysts, who remained covering the stock and in mid October has reiterated a ‘”an Outperform”‘ rating for it. Susquehanna also remained covering DKNG and reiterated its “Positive” recommendation on October 07, 2024. Exane BNP Paribas revised its rating on September 10, 2024. It rated DKNG as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of DKNG
On Tuesday, DraftKings Inc [NASDAQ:DKNG] saw its stock jump 5.65% to $41.51. Over the last five days, the stock has gained 4.22%. DraftKings Inc shares have risen nearly 11.59% since the year began. Nevertheless, the stocks have risen 10.58% over the past one year. While a 52-week high of $49.57 was reached on 01/15/25, a 52-week low of $28.69 was recorded on 01/03/25. SMA at 50 days reached $40.68, while 200 days put it at $38.99.
Levels Of Support And Resistance For DKNG Stock
The 24-hour chart illustrates a support level at 40.19, which if violated will result in even more drops to 38.88. On the upside, there is a resistance level at 42.25. A further resistance level may holdings at 43.00. The Relative Strength Index (RSI) on the 14-day chart is 59.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.62, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.23%. Stochastics %K at 70.23% indicates the stock is a holding.
How much short interest is there in DraftKings Inc?
A steep rise in short interest was recorded in DraftKings Inc stocks on 2024-12-31, growing by 3.0 million shares to a total of 22.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 19.63 million shares. There was a rise of 13.24%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 04, 2024 when UBS resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $58.
