Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. DraftKings Inc shares valued at $9,097,836 were sold by Kalish Matthew on Mar 03 ’25. At $43.32 per share, Kalish Matthew sold 210,000 shares. The insider’s holdings dropped to 4,138,049 shares worth approximately $179.63 million following the completion of this transaction.
Also, Kalish Matthew sold 210,000 shares, netting a total of over 8,527,790 in proceeds. Following the sale of shares at $40.61 each, the insider now holds 4,140,509 shares.
Before that, Matthew Kalish had added 210,000 shares to its account. In a trade valued at $8,673,000, the Officer bought DraftKings Inc shares for $41.30 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 0.12%. Over the course of the year, DraftKings Inc shares have jumped approximately 16.69%. Shares of the company reached a 52-week high of $53.61 on 02/14/25 and a 52-week low of $35.96 on 01/03/25. A 50-day SMA is recorded $41.76, while a 200-day SMA reached $39.06.
Support And Resistance Levels for DraftKings Inc (DKNG)
According to the 24-hour chart, there is a support level at 41.92, which, if violated, would cause prices to drop to 40.43. In the upper region, resistance lies at 44.20. The next price resistance is at 45.00. RSI (Relative Strength Index) is 49.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.63, which suggests the price will decrease in the coming days. Percent R is at 71.03%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
