DraftKings Inc’s recent filing unveils that its insider Robins Jason unloaded Company’s shares for reported $9.0 million on Feb 12 ’25. In the deal valued at $45.00 per share,200,000 shares were sold. As a result of this transaction, Robins Jason now holds 2,678,613 shares worth roughly $ 143.28 million.
Then, Robins Jason bought 200,000 shares, generating $9,000,980 in total proceeds.
Before that, Liberman Paul sold 200,000 shares. DraftKings Inc shares valued at $7,800,000 were divested by the insider at a price of $39.00 per share. As a result of the transaction, Liberman Paul now holds 1,342,722 shares, worth roughly $71.82 million.
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 Friday, DraftKings Inc [NASDAQ:DKNG] saw its stock jump 15.16% to $53.49. Over the last five days, the stock has gained 26.51%. DraftKings Inc shares have risen nearly 43.79% since the year began. Nevertheless, the stocks have risen 25.30% over the past one year. While a 52-week high of $49.57 was reached on 02/14/25, a 52-week low of $28.69 was recorded on 01/03/25. SMA at 50 days reached $41.03, while 200 days put it at $38.96.
Levels Of Support And Resistance For DKNG Stock
The 24-hour chart illustrates a support level at 49.82, which if violated will result in even more drops to 46.14. On the upside, there is a resistance level at 55.39. A further resistance level may holdings at 57.28. The Relative Strength Index (RSI) on the 14-day chart is 85.69, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.86, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.87%. Stochastics %K at 96.41% indicates the stock is a selling.
How much short interest is there in DraftKings Inc?
A steep rise in short interest was recorded in DraftKings Inc stocks on 2025-01-31, dropping by -0.48 million shares to a total of 22.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 22.62 million shares. There was a decline of -2.19%, which implies that there is a negative 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.
